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Prepaid cards increasingly at risk of being stolen

January 6, 2012

People around the country have been targets of credit card thieves, many of whom take advantage of merchant's unsecured data storage methods.

People around the country have been targets of credit card thieves, many of whom take advantage of merchant’s unsecured data storage methods. One region that has been suffering the repercussions is North Texas, where some have had prepaid credit cards, given as Christmas gifts, stolen from right under their nose.

WFAA-TV reports that Karie Anderegg bought three $100 prepaid cards as a gift for her son. However, when he went on the internet to use them, there was just $1.96 left on the cards. 

“He called me New Year’s Day and told me he tried to use the cards, and they were declined,” Anderegg said in an interview with the source. “I was shocked. I mean, they’re in packages. I thought they were safe. Obviously, they weren’t.”

A promotional gift card remains one of the most popular gifts. However, if the card issuer does not take the right precautions, thieves will be able to gain access to ill-gotten funds, leaving the consumer out quite a bit of money.

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