FTC Report: Gift Card Scams Increased This Year - Forbes

Here are a few more examples from the FTC of how such a scam might work: 1. You get a phone call from someone claiming to be from Amazon or Apple. They claim there’s a security problem with your accou… See more

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Scammers Ramp Up During The Holidays: How To Protect Yourself.

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19 hours ago · A February report from the Federal Trade Commission said U.S. consumers had reported losing more than $10 ... Beware of gift card scams: ... Scams involving payment apps …

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

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Dec 8, 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 as the …

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FTC: Americans Lost $148 Million To Gift Card Scams This Year

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Dec 12, 2021 · The US Federal Trade Commission (FTC) said Americans reported losing $148 million to gift card scams during the first nine months of 2021 following a major increase …

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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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Consumers Reported Losing A Whopping $148 Million In Gift Cards …

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Dec 9, 2021 · Google Play, Apple, eBay, and Walmart cards remain popular with fraudsters, too. During the first nine months of 2021, 40,000 people reported losing a whopping $148 million in …

cybernews.com

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AARP Reports: Holiday Shopping Fraud Continues To Target …

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3 days ago · The report shows four-in-five (82%) U.S. consumers have experienced some type of fraud this year – including gift card scams, counterfeit products, phishing attempts disguised …

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Cybercrime Is On The Rise. These Are The Safest Ways To Pay

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1 day ago · In the first half of 2024 alone, the Federal Trade Commission logged over 50,000 reports of consumer credit card fraud which resulted in $129.7 million in losses — and that’s …

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FAQs about FTC Report: Gift Card Scams Increased This Year - Forbes Coupon?

How many gift card scams were reported in 2021?

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). That’s more than what was reported in all of 2020, and may be a mere fraction of the problem as fewer than 5% of gift card scam victims report the crime. ...

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). ...

Where do gift cards get scammed?

Google Play, Apple, eBay, and Walmart cards followed. When scammers told people where to buy cards, consumers who reported losing money were most frequently sent to Target stores but Walmart, Best Buy, CVS, and Walgreens were mentioned, too. What else does the Data Spotlight reveal? The number of gift card scam reports and losses are up. ...

Are gift card scams becoming more common?

Both the number of reported gift card scams and total losses have increased every year since 2018. While the increase in reports contributes to the higher losses, individuals also report losing a lot more money in these scams. ...

Why do scammers love gift cards?

Since BBB issued its 2021 study, Gift Card Payment Scams, BBB reveals why scammers love gift cards, scammers doubled down on gift cards as a method to steal money from consumers while the public embraces digital versions of the cards. For years, scammers preferred a gift card as payment because it's treated like cash. ...

How much money does a gift card scam cost?

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. Of Americans aged 50-59, 19% of fraud reports involved gift cards or reloadable cards. For Americans age 80 and up, that number jumps to 30% of all fraud reports. ...