: Fraudsters use stolen credentials to buy digital gift cards. They often use bots or "bulk-buy" tactics to obtain as many cards as possible before the stolen credit card is flagged and blocked.
Buying gift cards with stolen credit cards is a major component of modern financial crime, used primarily as a fast, anonymous way to "cash out" stolen credentials. Criminals favor gift cards because they function like untraceable cash once purchased. buying gift cards with stolen credit cards
: Some criminals take physical cards from retail racks, remove the preprinted numbers, and emboss them with stolen credit card information. They then damage the magnetic stripe so a cashier must manually "key in" the transaction, effectively using the stolen credit card as if it were the gift card. : Fraudsters use stolen credentials to buy digital