In the ever-evolving landscape of cyberthreats, staying ahead of malicious actors is a constant challenge.
Microsoft Threat Intelligence has observed that gift cards are attractive targets for fraud and social engineering practices. Unlike credit or debit cards, there’s no customer name or bank account attached to them, which can lessen scrutiny of their potentially suspicious use in some cases and present cybercriminals with a different type of payment card surface to study and exploit.
Microsoft has seen an uptick in activity from threat actor group Storm-0539, also known as Atlas Lion, around the United States holidays, including Memorial Day, Labor Day, Thanksgiving, Black Friday, and Christmas. In advance of Memorial Day 2024, Microsoft has observed a 30% increase in activity from Storm-0539 between March and May 2024.
The latest edition of Cyber Signals dives deep into the world of gift card fraud, shedding light on Storm-0539 and its sophisticated cybercrime techniques and persistence, while providing guidance to retailers on how to stay ahead of these risks.
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