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

Microsoft is calling attention to a Morocco-based cybercrime group dubbed Storm-0539 that's behind gift card fraud and theft through highly sophisticated email and SMS phishing attacks. "Their primary motivation is to steal gift cards and profit by selling them online at a discounted rate," the...

Cyber Signals: Inside the growing risk of gift card fraud

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...

Microsoft Warns of Storm-0539: The Rising Threat Behind Holiday Gift Card Frauds

Microsoft is warning of an uptick in malicious activity from an emerging threat cluster it's tracking as Storm-0539 for orchestrating gift card fraud and theft via highly sophisticated email and SMS phishing attacks against retail entities during the holiday shopping season. The goal of the attac...