Hackers can use the gift cards online or print fraudulent gift cards themselves by taking blank plastic cards and writing magnetized strips onto them with a machine that sells on Amazon.com, Caput says.
“You’re basically stealing other people’s cash through these cards,” Caput tells Wired.
Can you steal a gift card?
Gift cards have no value until activated, so they aren’t usually under lock and key at the store. This makes them very easy to steal. Thieves steal the worthless gift cards, record card numbers and PINs, and then return the cards to the shelves at the store.
Can a stolen Amazon gift card be traced?
Is there a way for YOU to get this information without assistance? No. If you can convince Amazon that someone stole your gift card, and they refund you the value that was taken, then it’s no longer any of your business who stole the value.
What happens if my Amazon gift card is stolen?
We are not responsible if any Gift Card is lost, stolen, or destroyed, or if your Amazon.com Balance or any Gift Card is used without your permission. There are a variety of Gift Card scams that request payment by Gift Card.
Do gift cards really have to be activated?
Many gift cards are activated when they’re purchased, so they don’t need to be activated by the recipient. However, some do need to be activated by the recipient before they can be used. You can activate a gift card by calling the merchant or accessing the provided URL and inputting the correct activation numbers.