Tech »  Topic »  $38 million worth of gift cards stolen and sold on dark web

$38 million worth of gift cards stolen and sold on dark web


A cybercriminal has sold almost 900,000 gift cards and over 300,000 payment cards on a top-tier cybercrime forum on the dark web. The total value of the cards was claimed to be some US$38 million. The hacker probably gained access to the data by compromising the backend infrastructure of a gift card marketplace.

According to a report by fraud intelligence firm Gemini Advisory, the stolen cards originated from a 2019 breach of an online discount gift card marketplace that has since gone offline. “As the payment cards were stolen from a gift card store and both the payment cards and gift cards were sold by the same actor, Gemini assesses with moderate confidence that the gift cards offered for sale were also stolen during the breach of Cardpool.com,” the company said. Since they’re easy to redeem and tough to track, gift cards are an increasingly ...


Copyright of this story solely belongs to welivesecurity.com . To see the full text click HERE