Get in touch now on

+61 7 3480 5121

Blog
Buyers Beware of Tampered Gift Cards
19 December, 2017
This post was originally published on this site

Prepaid gift cards make popular presents and no-brainer stocking stuffers, but before you purchase one be on the lookout for signs that someone may have tampered with it. A perennial scam that picks up around the holidays involves thieves who pull back and then replace the decals that obscure the card’s redemption code, allowing them to redeem or transfer the card’s balance online after the card is purchased by an unwitting customer.

Last week KrebsOnSecurity heard from Colorado reader Flint Gatrell, who reached out after finding that a bunch of Sam’s Club gift cards he pulled off the display rack at Wal-Mart showed signs of compromise. The redemption code was obscured by a watermarked sticker that is supposed to make it obvious if it has been tampered with, and many of the cards he looked at clearly had stickers that had been peeled back and then replaced.

“I just identified five fraudulent gift cards on display at my local Wal-Mart,” Gatrell said. “They each had their stickers covering their codes peeled back and replaced. I can only guess that the thieves call the service number to monitor the balances, and try to consume them before the victims can.  I’m just glad I thought to check!”

In the picture below, Gatrell is holding up three of the Sam’s Club cards. The top two showed signs of tampering, but the one on the bottom appeared to be intact.

The top two gift cards show signs that someone previously peeled back the protective sticker covering the redemption code. Image: Flint Gatrell.

Kevin Morrison, a senior analyst on the retail banking and payments team at market analysis firm Aite Group, said the gift card scheme is not new but that it does tend to increase in frequency around the holidays, when

read more ...

What our
Clients say

Product Finder

Search for products that match of these criteria:

 + Add row
Price:
System Diagnostic

  • Do you have five or more computers?
  • Do you have a server?
  • Is your data critical to your business?
  • Do you think IT could perform better?
  • Are you concerned about your IT security?
  • Do you need to be kept up to date?
  • Would you like your IT maintained?
Product Finder

Search for products that match of these criteria:

 + Add row
Price:

FREE UPDATES



CONTACT US

Phone:07 3480 5121

Address: 8 - 37 Flinders Parade, North Lakes

QLD 4509 Australia

Post: PO Box 128, Burpengary

QLD 4505 Australia