Webinar: How is Gift Card Abuse Damaging Your Business?
Gift card abuse is committing fraudulent activity using gift cards, rather than cold hard cash. Attackers monitor the gift card account activity on the retailer’s online portal, ready to strike when the gift card has been purchased. Gift cards are frequently acquired in bulk, to the value of several hundred dollars, and resold for a fraction of their worth.
The attacker has nothing to lose and purely profits to gain, making gift card abuse a highly attractive target for cybercriminals and an expensive problem for retailers.
In this session you will learn:
- The true value of gift cards within the criminal market
- Why gift card abuse is dubbed the ‘double-edged fraud’ that’s cutting through retail.
- How Netacea’s Business Logic Attack Definition (BLADE) Framework can be applied to explain the make-up of automated attacks designed to exploit the gift card process.
Speakers
Thomas Platt
VP Pre-Sales, Netacea
Matthew Gracey-McMinn
Vice President of Threat Services, Netacea
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