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Card Draining

All articles tagged with #card draining

lawsuit2 years ago

"Vanilla Gift" card issuer sued over card-draining scam risk

Gift card issuer Incom, known for its "Vanilla Gift" and "One Vanilla" non-reloadable cards, is facing a lawsuit alleging that the company failed to address security vulnerabilities in its packaging, making the cards susceptible to scams such as card draining. The lawsuit claims that the packaging allows easy access to the card, enabling thieves to record the barcode and PIN information and make unauthorized transactions. The complaint also accuses Incom of not reimbursing victims or providing refunds when funds were stolen. Consumers are advised to carefully examine gift card packaging for any damage and ensure the scratch-off covering the PIN number is intact to protect against scams.

via CBS News|
#card-draining#gift-card#lawsuit
crime2 years ago

Beware of Gift Card Scammers Draining Balances and Targeting Victims

Victims are falling prey to a gift card scam known as "card draining," where criminals steal batches of gift cards, note down the card number and PIN, and return them to store shelves. Unsuspecting shoppers load funds onto the cards, only to have the money stolen before the recipient can use it. Reports of gift card scams have increased by 50% this year, with retailers like Target being targeted. Police are warning shoppers to check for signs of tampering, such as scratches or missing parts, before purchasing gift cards.

via Daily Mail|
#card-draining#crime#fraud
scamfraud2 years ago

Beware of Gift Card Scammers: Zero Balances and New Tactics

After seeing a news story about a victim of a gift card scam, Wegmans called the victim, apologized, and provided him with a new $100 gift card. The scam, known as "card draining," involves thieves stealing gift cards, recording the serial and pin numbers, and draining the funds before the recipient even receives the card. Police have made recent arrests in connection with this scam, recovering thousands of tampered gift cards. To avoid tampered cards, it is recommended to purchase gift cards from the customer service desk rather than off the rack.

via News10NBC|
#card-draining#fraud#gift-cards
scam-alert2 years ago

Protect Yourself from Holiday Gift Card Scams: The Ultimate Guide

Police are warning Americans about the "card draining" scam, where scammers steal gift card information from the back of cards on display, wait for them to be activated, and then drain the funds. Consumers are advised to carefully check gift card packages for signs of tampering and to report any suspicious cards to store cashiers. To increase safety, it is recommended to purchase gift cards directly from retailer websites and use credit cards for added purchase protections.

via WJW FOX 8 News Cleveland|
#card-draining#fraud-prevention#gift-cards