Canonical URL: https://giftcard.news/fraud-security/visa-state-of-scams-report-reveals-resurgence-of-old-school-tactics-with-9451bc96c3ad/ --- description: Visa’s Fall 2024 report examines theft, gift card abuse, impersonation, account access attacks and payment fraud risks for merchants and institutions. title: Visa Fall 2024 Fraud Report Covers Gift Card Abuse and Authentication Bypass image: https://giftcard.news/images/social/v1/visa-fall-2024-fraud-report-covers-gift-card-abuse-authentication-bypass-b9c028461539d5ffe4d4456ca32bd2ae.jpg --- 1. [Home](https://giftcard.news/) 2. [Fraud & Security](https://giftcard.news/fraud-security/) # Visa Fall 2024 Fraud Report Covers Gift Card Abuse and Authentication Bypass Visa’s Fall 2024 report examines theft, gift card abuse, impersonation, account access attacks and payment fraud risks for merchants and institutions. By [Oliver Reed](https://giftcard.news/author/oliver-reed/) October 23, 2024 2 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fvisa-state-of-scams-report-reveals-resurgence-of-old-school-tactics-with-9451bc96c3ad%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Visa%20Fall%202024%20Fraud%20Report%20Covers%20Gift%20Card%20Abuse%20and%20Authentication%20Bypass "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fvisa-state-of-scams-report-reveals-resurgence-of-old-school-tactics-with-9451bc96c3ad%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Visa%20Fall%202024%20Fraud%20Report%20Covers%20Gift%20Card%20Abuse%20and%20Authentication%20Bypass%20https%3A%2F%2Fgiftcard.news%2Ffraud-security%2Fvisa-state-of-scams-report-reveals-resurgence-of-old-school-tactics-with-9451bc96c3ad%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Visa logo](https://giftcard.news/images/variants/v1/visa-fall-2024-fraud-report-covers-gift-card-abuse-authentication-bypass-logo-w1200.webp) Photo: Source: usa.visa.com [Visa](https://giftcard.news/company/visa/)’s State of Scams: Fall 2024 Biannual Threats Report examines physical theft, impersonation and authentication bypass affecting consumers, merchants and financial institutions. Released on October 23, 2024, it includes criminals using stolen payment credentials to buy gift cards or other goods for resale. Visa's Chief Risk and Client Services Officer, [Paul Fabara](https://giftcard.news/person/paul-fabara/), stated that despite the company's $11 billion investment in technology and infrastructure over the past five years, fraudsters are reverting to tried-and-true tactics that target the weakest link in the ecosystem: consumers. The report notes that after a theft, scammers often purchase gift cards or physical goods to resell, or use the card number online for money transfers. Your free reader account ## Continue reading for free. Create your account or sign in to get unlimited access. 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From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. 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