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December 7, 2021 at 11:35 AM. If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB)...
Falling for these types of gift card scams can lead to financial losses and personal information exposure. Below are ways to help avoid falling victim to these scams. Red flags for gift...
Whether it’s a phone call from someone claiming to work for the government or a someone selling an item online, if they ask for gift cards as payment it’s likely a scam, according to the FBI.
The preferred method of payment in a technical support scam is through gift cards. Gift cards are favoured by scammers because they are readily available to buy and have less consumer protections in place that could allow the victim to reclaim their money back.
“Gift card draining” involves criminals recording numbers and PINs from unpurchased gift cards, then placing them back in the packaging.
The most common form of gift card fraud is committed through the act of stealing card information for activated cards with an existing balance by attacking a retailer's systems which store gift card data.
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