The Daily Overview on MSN

Gift card draining stole $1B, how to protect yourself now

Organized crime has quietly turned the humble gift card into a billion dollar pipeline, draining balances before recipients ...
WFMY News2

Buying gift cards for the holiday? Beware of the Drain Scam.

GREENSBORO, N.C. — Gift cards are among the most popular and easiest gifts to buy. Capitol One estimates that 64% of U.S. consumers purchase gift cards as holiday gifts, which is why scammers have ...

Officials warn consumers after suspects allegedly drain $14M via ‘gift card cloning’

After a suspected gift card scam allegedly robbed consumers of nearly $14 million, Texas officials warn consumers to check ...
ProPublica

The Nation’s First Law Protecting Against Gift Card Draining Has Passed. Will It Work?

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. Maryland Gov. Wes Moore recently signed the Gift Card Scams ...