3 In the first nine months of 2021 alone, nearly 40,000 people reported $148 million stolen using gift cards. 1 Gift cards are far more frequently reported than any other payment method for fraud, 2 and the numbers have reached staggering new highs compared to past years. About one in four people who report losing money to fraud say it happened when a scammer tricked them into giving the numbers on the back of a gift card. Reports to the FTC’s Consumer Sentinel show they’re also an easy way to take. About the FTC Show/hide About the FTC menu items.
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