Secondary gift card marketplaces provide a number of convenient ways for legitimate owners of unwanted eGift cards to exchange them for something they do want.Read More
eGift cards are easy to purchase, easy to convert to cash, and virtually untraceable. It's no wonder that $950 million was lost to eGift card fraud in 2016, with fraud losses only increasing this year.
Check out the following slides to learn more about the day in the life of an eGift card fraudster.Read More
eGift cards are one of the hottest trends in eCommerce. Digital gift card sales will grow 40% this year—from $10 billion in 2016 to $14 billion in 2017. In fact, during the holiday season, eGift cards will actually outsell physical gift cards. Perhaps that’s why 81% of leading internet retailers now offer digital gift cards.Read More
Nobody knows bad guys like Kount. Check out the scary characters G-Hop, Mr. Scary Mask, and Filthy Steve (grrr!) in the video below.Read More
April Fools’ Day: depending on where you fall on the gullibility scale, it’s either a harmless day of light pranks or a chance for the jerks among us to be, well, jerks.
From a young age we’re taught to watch our backs on April Fools’ Day—make sure there’s no Saran Wrap on the toilet, be extra cautious when accepting “treats” from “friends,” and, for the love of all that is good, keep one eye trained on your shoelaces!
And then there’s fraud: a more consequential kind of foolery where there’s little teaching or training. As adults, most of us are aware of its existence, but are less well-versed in the clues and the consequences. And unlike April Fools’ Day, it’s not enough to keep your guard up for just one day to prevent fraud. As Nobel Laureate economist Robert Shiller points out, the world will never be rid of “fraud and fools.”
In honor of April Fools’ Day this year, we at Kount take a look at some of the most infamous cases of fraud and foolery.Read More