Holiday season scams are numerous, with gift cards among the most popular.
If anyone is writing an updated A Journal of the Plague Year, they should be sure to take note of the alarming 70% growth in consumer dollars lost to fraud in 2021. Whether it was because consumers were quarantined at home – or scam artists were – fraud complaints went viral in
Gift cards are very handy for consumers, businesses and, unfortunately, scam artists. The Federal Trade Commission’s latest 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 payment. That amount is more
For scammers, the gift card is the gift that keeps on giving. That’s the conclusion of a new data analysis by the Federal Trade Commission, which found that gift cards continue to be scammers’ preferred form of payment. Since 2018, the data analysis shows, consumers have reported spending nearly