FBI Warns US Retailers That Cybercriminals Are Targeting Their Gift Card Systems

The FBI has issued a warning to US retailers about a financially-motivated malicious hacking ring that has been targeting employees with phishing attacks in an attempt to create fraudulent gift cards. Staff at the corporate offices of US retail companies have been the target of highly-sophisticated email phishing and SMS phishing (“smishing”) attacks. These attacks attempt to gain access to employee accounts, IT systems, and cloud services used by the company. Once they have gained access, the cybercriminals target other employees in order to move laterally through a network. They attempt to…

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