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If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB) found that gift card scams nearly ...
According to the FTC, consumers reported 48,800 cases of gift card fraud or reload card fraud totaling more than $228 million in losses last year. That's more cases than the following other types ...
The Federal Trade Commission reports that gift card fraud has been on the rise since the pandemic started. In the first nine months of 2021, more gift card fraud was reported than in all of 2020 ...
The Better Business Bureau (BBB) said in a new report that cases of gift card scams have risen by 50 per cent since last year. From January 2020 until September 2023, the BBB said there had been ...
'Tis the season -- for financial scams of all kinds, when hackers and thieves attempt to separate well-meaning, hard-working people from their money. See: IRS Offers Advice on How You Can Avoid ...
Card draining. "Card draining" is a popular scam that leaves gift card purchasers with an empty balance despite having paid for the card. Several local and national law enforcement agencies have ...
As Americans continue to slide through holiday mode, they're going to get more calls, emails and texts for legitimate shopping deals. But they're also increasingly going to be the targets of ...
The very real dangers of gift card fraud. “Generally speaking, gift card fraud is easier to commit than other types of scams,” cyber security expert Rafael Lourenco, Executive Vice President ...
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