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Gift Card Fraud

ID: ec47c1f2-3945-5325-809d-23164b729bfb

STIX ID: report--ec47c1f2-3945-5325-809d-23164b729bfb

Feed Name: Schneier on Security

Date Published: 2024-12-31

Date Updated: 2026-04-19

Author: Bruce Schneier

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This post describes an organized gift card fraud tactic known as “card draining,” where criminals remove gift cards from store racks, capture card numbers and PINs, reseal them, and later drain balances once victims load funds. It highlights the use of “runners” who travel between big-box stores to tamper with and restock thousands of cards efficiently.

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