how are digital gift cards stolen so easily / often?

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Was reading about how this happens with Costco all the time. How whenever people buy digital giftcards they are stolen & redeemed very quickly – and Costco can’t / won’t do anything about it.

I’d understand if it was a physical card, but how are digital cards stolen? From my understanding, Costco doesn’t even create the gc # until after the gc is purchased. How can thieves just predict what a giftcard number will be and also when it’ll be redeemed?

In: Technology

4 Answers

Anonymous 0 Comments

I’ve also heard of people getting all the info from a card while it’s still just on the shelf, before it’s activated.

Someone activates the card as a gift but doesn’t notice it’s been tampered with.

These scammers will check the card daily and immediately use the funds when they see it’s been activated.

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