Fraudsters Using GiftGhostBot Botnet to Steal Gift Card Balances

Gift cards have once again caused quite a headache for retailers, as cyber criminals are using a botnet to break into and steal cash from money-loaded gift cards provided by major retailers around the globe. Dubbed GiftGhostBot, the new botnet specialized in gift card fraud is an advanced persistent bot (APB) that has been spotted in the wild by cyber security firm Distil Networks.

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