US: DATA SHOW MAJOR INCREASE IN GIFT CARDS AS SCAM PAYMENT METHOD

On 8 December, the US Federal Trade Commission issued a news release saying that, that in the first 9 months of 2021, consumers reported losing $148 million in scams where gift cards were used as the form of payment. That amount is more than was reported in all of 2020, and nearly 40,000 consumers reported using gift cards to pay a scammer.  A  new development noted is the emergence of Target gift cards as the most popular choice for scammers in the reports received by the FTC. 

https://www.ftc.gov/news-events/press-releases/2021/12/ftc-data-show-major-increase-gift-cards-scam-payment-method

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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