Scammers are tricking more people into buying gift cards

Dec 8, 2021 · According to the newest Data Spotlight, 40,000 people reported losing a whopping $148 million in gift cards to scammers during the first nine months of 2021.Those are …

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Scammers Are Tricking More People Into Buying Gift Cards

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Dec 8, 2021 · According to the newest Data Spotlight, 40,000 people reported losing a whopping $148 million in gift cards to scammers during the first nine months of 2021.Those are …

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FTC Data Show Major Increase In Gift Cards As Scam Payment …

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Dec 10, 2021 · A new Federal Trade Commission data spotlight shows that in the first nine months of 2021, consumers reported losing $148 million in scams where gift cards were used …

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FTC Data Show Major Increase In Gift Cards As Scam Payment …

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Dec 11, 2021 · Federal Trade Commission Press Release December 11, 2021 FTC Data Show Major Increase in Gift Cards As Scam Payment Method $148 million reported lost in first nine …

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FTC Data Show Increase In Gift Cards As Scam Payment Method ...

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On 12/8/21, the Federal Trade Commission issued a data spotlight that shows consumers reported losing $148 million in scams where gift cards were used as the form of payment , in …

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FTC Data Show Major Increase In Gift Cards As Scam Payment …

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A new Federal Trade Commission data spotlight shows that in the first nine months of 2021, consumers reported losing $148 million in scams where gift cards were used as the form of …

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FAQs about Scammers are tricking more people into buying gift cards Coupon?

Are gift card scams on the rise?

Commissions do not affect our editors' opinions or evaluations. Gift card scams are on the rise—and they may be happening just feet from your place in the checkout line. In the first nine months of 2021, nearly 40,000 consumers reported losing $148 million in gift card scams, according to a new report from the Federal Trade Commission (FTC). ...

Are gift cards a scam?

Since 2018, both the numbers of consumers filing reports in which gift cards were the form of payment to scammers and the amount they have reported lost have increased steadily. The spotlight also notes that consumers’ median reported loss to scammers when they pay with gift cards has increased from $700 to $1000. ...

How many people use gift cards to pay a scammer?

That amount is more than was reported in all of 2020. Nearly 40,000 consumers reported using gift cards to pay a scammer in that time frame, according to the spotlight, which draws from fraud reports submitted to the FTC by consumers. Most often, consumers reported paying scammers who were impersonating large companies or government agencies. ...

How much money do gift card scammers lose?

More and more people are being scammed through gift card schemes—and the victims are losing more money. In 2018, the median amount victims lost to a gift card scammer was $700. This year, it’s $1,000. Older people are more susceptible to these scams, according to FTC data. ...

Are Target gift cards the most popular choice for scammers?

One new development noted in the spotlight is the emergence of Target gift cards as the most popular choice for scammers in the reports received by the FTC. Target gift cards accounted for about $35 million in payments to scammers, more than twice as much as any other brand of gift cards. ...

How do I report a gift card fraud?

If someone convinced you to give them the numbers on a gift card or send them a photo, hang onto the card and your receipt, and report it to the card issuer right away. You’ll find contact information for some major gift cards at ftc.gov/giftcards. Then report your experience to the FTC at ReportFraud.ftc.gov. ...