Buying Gift Cards With Stolen Credit Cards 99%

Buying gift cards with stolen credit cards is a major component of modern financial crime, used primarily as a fast, anonymous way to "cash out" stolen credentials. Criminals favor gift cards because they function like untraceable cash once purchased.

: Fraudsters use stolen credentials to buy digital gift cards. They often use bots or "bulk-buy" tactics to obtain as many cards as possible before the stolen credit card is flagged and blocked. buying gift cards with stolen credit cards

: Fraudsters use the cards to buy popular electronics (like iPads or iPhones) that can be easily resold for nearly 95% of their retail value. Buying gift cards with stolen credit cards is

: Stolen gift cards are typically used or resold on the same day they are purchased to stay ahead of bank disputes and chargebacks. Monetization and Resale They often use bots or "bulk-buy" tactics to

The scale of this fraud is significant, affecting millions of consumers and leading to massive merchant losses: Using Stolen Credit Cards to Buy Gift Cards - Riskified