Researchers say pre-paid gift cards can easily be easily cloned and stolen by cybercriminals. The magnetic-stripe technology used for gift cards and customer loyalty cards makes them attractive targets for criminals. Gift cards can be sniffed off the shelf in the checkout with a scanner and then cloned; the card number on the back of the card is stolen; and the retailers Web-based gift card applications are also hacked. The researchers found that the magnetic-striped technology used
Source: https://threatpost.com/researchers-find-weaknesses-magstripe-gift-cards-102709/72713/