Be it sending a message, mail or requesting you to check the balance on gift cards, scammers go after them all. It says there are many gift card balance-checking sites that are actually phishing sites. In its recent report, Microsoft warns against gift card frauds that are performed by Moroccan cybercriminals. They then redeem the value associated with those cards, sell the gift cards to other threat actors on black markets, or use money mules to cash out the gift cards. However, this group leverages their deep knowledge of the cloud to conduct reconnaissance on an organisation's gift card issuance processes, gift card portals, and employees with access to gift cards.

Source: Indian Express May 31, 2024 06:03 UTC