CNBC February 2018: Omri Iluz on The Growing Bot Threat to Gift Cards
CNBC’s Nightly Business Report interviews PerimeterX CEO Omri Iluz on bot threats to the $30 Billion (and growing) gift card industry. Cybercriminals steal the balances before the cardholder gets to use them – in 2017, $1 billion was stolen from egift cards.
- How cybercriminals attack the retailer’s website or mobile app
- The surprising scope and scale of bot attacks on gift cards, and how thieves “crack” a card number
- ow criminals then extract the card balance, move it, and resell it
Omri also delivers a crucial message, detailing why it’s up to retailers to stop the virtual thievery, and explains how they can defend their gift cards and protect their customers.