Digital Heists Target Retail Gift Cards | Business and Finance News

Chinese crime rings are pulling off slick digital heists using stolen credit cards—often via tap-to-pay scams—to buy gift cards at big retailers like Lowe’s, all while being remotely coached by overseas bosses. These operations, disguised as routine shopping trips, are quietly draining billions annually, with fraudsters converting gift cards into high-value goods shipped back to China. Victims risk identity theft, with stolen credentials used to hijack bank security codes. Law enforcement is cracking down, arresting low-level enforcers often coerced into roles, and pushing for new laws to improve cross-agency data sharing to stop these evolving digital robberies. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/276b9bacfb852aa7