Source: National Cyber Security – Produced By Gregory Evans
With the official start to the holiday shopping season just days away, local officials are warning consumers to be protective of their credit information, and warning retailers to be careful about gift card fraud. Officials at the Better Business Bureau of Upstate New York, citing numbers from the National Retail Federation, report more than $31 billion was spent last year on gift cards. A study by LexisNexis says annual fraud costs are even higher. Consumers and retailers alike are being warned about gift card scams involving stolen credit card information. Todd Laster, Special-Agent-In-Charge at the US Secret Service field office in Buffalo, explained that many gift cards have been purchased with stolen credit card information, some of which was acquired locally. “We brought the case to the US Attorney’s office and these individuals are being prosecurted,” Laster said. “They were skimming credit card numbers from gas stations.” The specific gas stations were not revealed but US Attorney William Hochul, who joined Laster and Better Business Bureau of Upstate New York president Warren Clark at a news conference Monday in Amherst, says retailers need to be extra careful with screening their employees. In some pending cases, the suspects were alleged to have stolen credit information […]
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