Moroccan Cybercrime Group Steals Up to $100K Daily Through Gift Card Fraud

May 27, 2024 at 09:06AM Microsoft has highlighted a cybercrime group, Storm-0539, responsible for sophisticated email and SMS phishing attacks, primarily aimed at stealing and selling gift cards. The group targets large retailers and utilizes tactics to evade detection, such as using cloud infrastructure and legitimate platforms. Microsoft advises companies to implement additional security measures … Read more

New Gift Card Scam Targets Retailers, Not Buyers, to Print Endless $$$

May 23, 2024 at 02:59PM A Moroccan cybercrime group, Storm-0539, has evolved the gift card scam by targeting retailer systems to create and cash out gift cards. Utilizing social engineering and phishing, they compromise employee accounts to gain access. Microsoft reports a surge in their activity, advising organizations to adopt stringent security measures to combat … Read more

FBI warns of gift card fraud ring targeting retail companies

May 8, 2024 at 01:31PM The FBI warns of Storm-0539, a hacking group targeting retail employees’ personal and work devices with phishing attacks. Once infiltrated, the attackers move laterally through the network to compromise gift card business processes and generate fraudulent gift cards. To defend against these attacks, the FBI advises corporations to review incident … Read more