FTC Data Show Major Increase in Gift Cards As Scam …

Scammers prefer gift cards, but not just any card will doGift card scams: Out of the shadows and into the FTC Data SpotlightScammers are tricking more people into buying gift cards

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

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Dec 9, 2021 · During the first nine months of 2021, 40,000 people reported losing a whopping $148 million in gift cards to scammers. According to the Federal Trade Commission (FTC), …

cybernews.com

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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 …

ftc.gov

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US Consumers Lost $148 Million To Gift Card Payment Scams In 2021

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Dec 13, 2021 · Americans lost a whopping $148 million to gift card payment scams in the first nine months of 2021, according to a Federal Trade Commission (FTC) report. Some 40,000 …

bitdefender.com

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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 said Americans reported losing $148 million to gift card scams during the first nine months of 2021, following a significant increase compared …

vumetric.com

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$148 Million Lost To Gift Card Scams In 2021, FTC Reveals

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US Federal Trade Commission (FTC) has disclosed that in the first nine months of 2021, $148 million was lost by consumers to gift card scams. Gift card scams are fraudulent activities that …

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Feds: Gift Card Fraud Losses Soar To $148 Million - AARP

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Dec 8, 2021 · Gift-card fraud losses reached a “staggering” $148 million in the first nine months of 2021, when nearly 40,000 victims bought cards for criminals, federal officials warned on …

aarp.org

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Consumer Alert: Gift Card Scams Have Increased Significantly

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Dec 8, 2021 · Gift Cards As Scam Payment Method – According To The FTC, $148 Million Reported Lost In First Nine Months Of 2021, More Than All Of 2020. Kehoe Law Firm, P.C. is …

kehoelawfirm.com

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Con Artists Favor Target In Gift Card Scams, Feds Say, As The Cost Of ...

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Dec 8, 2021 · “Target gift cards accounted for about $35 million in payments to scammers, more than twice as much as any other brand of gift cards,” it said. “The median amount lost when …

nj.com

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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 …

compliancecohort.com

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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 …

bctv.org

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Card Fraud Losses Will Increase Over Next Decade | Payments Dive

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21 hours ago · The U.S. accounted for about a quarter of worldwide card spending, but endured about 42% of global fraud losses, Nilson said. The amount of money lost to fraud, relative to …

paymentsdive.com

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US Consumers Lost $148 Million To Gift Card Payment Scams In 2021

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Dec 13, 2021 · Americans lost a whopping $148 million to gift card payment scams in the first nine months of 2021, according to a Federal Trade Commission (FTC) report. Some 40,000 …

bitdefender.com.au

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Capital One Is Accused Of Cheating Customers Out Of $2 Billion

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1 day ago · The Consumer Financial Protection Bureau filed a lawsuit on Tuesday against Capital One, accusing the bank of “cheating millions of customers out of more than $2 billion in interest.”

nytimes.com

FAQs about FTC Data Show Major Increase in Gift Cards As Scam … 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). ...

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. ...

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. ...

Which gift cards do scammers ask people to buy?

Since 2018, gift cards have been the most frequently reported payment method for fraud. But which gift card brand do scammers ask people to buy, and lose the most money on? Google Play, Apple, eBay, and Walmart cards remain popular with scammers. But this year, Target gift cards are scammers’ top choice. ...

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 a gift card scam is pulled off?

Here’s an example of how a gift card scam is pulled off: You get a phone call from someone who says they’re from a government agency, like the Social Security Administration. They say your bank account will be frozen for an investigation and tell you to buy gift cards to avoid getting arrested. ...