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Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid "Vanilla" gift cards less likely to being drained by thieves. Ira Schuman, who leads the proposed ...
A study by the Better Business Bureau (BBB) found that gift card scams nearly tripled between 2017 and 2020, making them the second-highest fraud type behind credit cards.
According to the FTC, consumers reported 48,800 cases of gift card fraud or reload card fraud totaling more than $228 million in losses last year. That's more cases than the following other types ...
Gift card recipients should also check the balance and use the cards quickly to lower any risk. When buying a gift card, use a credit card to make your purchase. That will boost the odds of ...
The Federal Trade Commission reports that gift card fraud has been on the rise since the pandemic started. In the first nine months of 2021, more gift card fraud was reported than in all of 2020 ...
E-gift card information can be stolen, “in a number of ways including phishing, SQL injection, social engineering, fraudulent employees or accidental disclosure,” adds Lourenco. “Hackers can ...
Card draining. "Card draining" is a popular scam that leaves gift card purchasers with an empty balance despite having paid for the card. Several local and national law enforcement agencies have ...
As Americans continue to slide through holiday mode, they're going to get more calls, emails and texts for legitimate shopping deals. But they're also increasingly going to be the targets of ...
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