Professional Development

Education Level: Intermediate

6116 - Gift Card Fraud: Experiences in How to Identify and Handle It

Speaker(s)

• 

  Cory Deeter, CISSP, CISA, CIA

  Director, Cybersecurity and IT Compliance
  Finish Line

With the gift card industry on track to reach $160 billion by 2018, criminals have developed sophisticated schemes to fraudulently acquire and redeem gift cards. Criminals are using advanced evasion, obfuscation and money laundering techniques to fly under the radar during redemption and acquisition of these gift cards.

During this session we will cover a variety of fraud scenarios observed in the marketplace and will provide techniques to detect these suspicious transactions. We will also cover ways to quantify actual and expected losses for your organization so that you can demonstrate a positive ROI to your executive leadership. In addition, we'll introduce both automated and manual controls to make it harder for the criminal element to perpetuate this fraud. These solutions are being utilized in organizations across industries and are vendor agnostic; thus, your time to implement these solutions is minimized.

Learning Objectives:

• Understand potential indicators of gift card fraud and abuse.
• Understand and apply potential mitigation techniques for common gift card fraud and abuse schemes.
• Apply methods for determining the financial impact of common gift card fraud. techniques