Do you know why?
Because loyalty programs often have weak security and contain valuable personal and financial information!
Here's how they exploit them:
π³ They steal loyalty points and rewards that can be converted to cash or goods.
π They use personal information from loyalty accounts for identity theft.
π― They target accounts with high point balances or valuable reward*.
π They use stolen credentials to access multiple loyalty programs.
π° They sell loyalty account credentials on the dark web.
π± They exploit weak authentication methods common in loyalty programs.
π They use loyalty accounts to access linked payment methods.
π They build comprehensive profiles from loyalty program data.
If you have a loyalty program account:
β© Use strong, unique passwords.
β© Enable two-factor authentication if available.
β© Regularly check your loyalty account activity.
β© Be cautious about linking payment methods to loyalty accounts.
β© Monitor for unusual activity or point redemptions.
π¨ Stay vigilant and protect your points and rewards!