Cyber Security Alert:
Rising Threat of
Gift Card Fraud by
Storm-0539
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Rising Threats:
Cybercriminals are increasing by targeting gift cards due to its anonymity and the lack of attached customer information.
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Storm-0539 Surge:
The threat group Storm-0539 which was active during the U.S holidays saw 30% activity rise from March to May 2024.
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Advanced Techniques:
Storm-0539 exploits cloud environments to hijack gift card system, mirroring tactics of nation-state hackers.
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Evolving Targets:
Once focused on malware for POS devices Storm-0539 now attacks cloud and identity services of large retailers.
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Clever Disguises:
This group poses as legitimate organizations using fake websites with minor domain variations to deceive victims.
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Defensive Measures:
Continuous monitoring, conditional access policies and educating security teams are the key to defending against sophisticated fraud.
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Security Practices:
Investing in cloud security, using phishing-resistant multifactor authentication, and applying least privilege access can prevent attacks.
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Global Insights:
Explore Sectrio's global threat report to learn about cyber attacks around the world.
Learn more