Image courtesy of Fox21
With gift cards ranking among the most requested holiday gifts, Fox21 spotlights the growing threat of card draining, where thieves tamper with physical cards before purchase to steal funds before the recipient can use them. Capital One Shopping data found that 23% of consumers have given or received gift cards with no remaining balance. Arkose Labs is cited in the broader context of bot-driven gift card fraud affecting retailers heading into the holiday season.
