Microsoft: Gift Card Fraud Rising, Costing Businesses up to $100,000 a Day https://t.co/gJMa5NR0B1
Cyber Signals: Inside the growing risk of gift card fraud: https://t.co/vh4w6Vid4Z by Microsoft Security Blog #infosec #cybersecurity #technology #news
Microsoft spots gift card thieves using cyber-espionage tactics https://t.co/TjmoTeiAA1
A Moroccan cybercrime group has been identified by Microsoft researchers for impersonating nonprofits and abusing cloud services to conduct gift card fraud. This scheme targets retailers rather than buyers, allowing the criminals to generate substantial amounts of money. The fraudulent activities have been costing businesses up to $100,000 a day. Microsoft has highlighted the increasing risk of gift card fraud, noting the use of sophisticated cyber-espionage tactics by the perpetrators. The findings were reported in Microsoft's Cyber Signals blog and shared with AJVicens.
