Gift Card Scams: A Goldmine for Criminals

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Have you ever given or received a gift card to find no value on it? Or, have you or someone you know paid for something – a past due bill, upfront fees for collecting lottery winnings, for example – by loading money onto a gift card and then sharing the numbers off the back of the card? If so, you aren’t alone. This AARP survey found 73 million U.S. adults have experienced one of these forms of gift card fraud.

Key Findings

  • Slightly more than a third (34%) of U.S. adults say they or someone they know has been targeted by scams seeking payment of a financial obligation by gift card.
  • Of those who were targeted for this gift card payment scam, a quarter (24%) of them followed through by purchasing gift cards in response to the request.
  • A quarter (23%) of consumers in the U.S….

Read full article at www.aarp.org