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  2. What is gift card draining? How to prevent getting scammed - AOL

    www.aol.com/news/gift-card-draining-prevent...

    Gift card and reload card fraud cost $228 million last year, according to the Federal Trade Commission. ... The Retail Gift Card Association and Vanilla Gift tell NBC News that thieves have become ...

  3. Holiday Scam: What Is Gift Card Draining Plus 4 Red Flags to ...

    www.aol.com/finance/holiday-scam-gift-card...

    As Americans continue to slide through holiday mode, they're going to get more calls, emails and texts for legitimate shopping deals. But they're also increasingly going to be the targets of ...

  4. Beware of gift card fraud — don't let it hijack your holiday ...

    www.aol.com/lifestyle/gift-card-fraud-malware...

    The Federal Trade Commission reports that gift card fraud has been on the rise since the pandemic started. In the first nine months of 2021, more gift card fraud was reported than in all of 2020 ...

  5. Carding (fraud) - Wikipedia

    en.wikipedia.org/wiki/Carding_(fraud)

    Carding (fraud) Carding refers not only to payment card based fraud, but also to a range of related activities and services. Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2]

  6. Gift card scams 2023: What to know about 'card draining' and ...

    www.aol.com/gift-card-scams-2023-know-131432899.html

    Card draining. "Card draining" is a popular scam that leaves gift card purchasers with an empty balance despite having paid for the card. Several local and national law enforcement agencies have ...

  7. Gift card - Wikipedia

    en.wikipedia.org/wiki/Gift_card

    Gift card. A gift card, also known as a gift certificate in North America, or gift voucher or gift token in the UK, [1] is a prepaid stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or ...

  8. Technical support scam - Wikipedia

    en.wikipedia.org/wiki/Technical_support_scam

    The preferred method of payment in a technical support scam is through gift cards. [41] Gift cards are favoured by scammers because they are readily available to buy and have less consumer protections in place that could allow the victim to reclaim their money back. Additionally, the usage of gift cards as payment allows the scammers to extract ...

  9. Beware of gift card fraud — don't let it hijack your perfect ...

    www.aol.com/lifestyle/beware-gift-card-fraud...

    E-gift card information can be stolen, “in a number of ways including phishing, SQL injection, social engineering, fraudulent employees or accidental disclosure,” adds Lourenco. “Hackers can ...

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