I bought a $200 gift card from the Target store on the evening of 5/2. On the morning of 5/3 it was used in full by someone at a Target store in another state, for two $100 transactions.
I did not scratch off the grey area to reveal the gift card# until 5/7, which is when I found out that it had zero balance and called to file a claim with Target immediately, but the supervisor was not helpful because Target gift cards are treated like cash and they are not responsible for any loss or stolen cards.
The only explanation I can come up with is that the gift card# and access code was breached before the card was purchased, and the hacker was waiting for funds to be loaded on the card, and drained the card at the first chance.
The type of gift card I bought is one that comes with a free bear-shape greeting card, with the word "baby" printed on the front of the gift card.
I have bought other gift cards recently from Target and had no problems. There seems to be a specific range of gift card information stolen from Target's system.
If you have to buy a gift card from Target, don't buy the ones that come with a free bear-shaped greeting card! Also check your balance often the days after you bought them, because if your card information was hacked, the hackers would try to spend them as soon as possible!
I have seen other reports in FW and other sites in recent months, so I'm not the only one losing money because of this possible breach.
My advice: do not to load a large balance on a single gift card, to minimize your loss if the same thing happens to you. Also when you check the balance on the Target website, don't use any VPN/proxies, to make sure your card info is not getting sniffed.