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Gift card fraud is on the rise. 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 ...
The very real dangers of gift card fraud. “Generally speaking, gift card fraud is easier to commit than other types of scams,” cyber security expert Rafael Lourenco, Executive Vice President ...
However, there is a bad side to gift cards that everyone should be aware of: gift card scams. According to the FTC , consumers reported 48,800 cases of gift card fraud or reload card fraud ...
A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.
The data also found that 72% of American consumers were aware of gift card fraud as of this July. ... Social Security Announced a COLA Increase for 2025 -- 5 Things Retirees Should Be Aware Of.
Regulation—SOX, HIPAA, GLBA, the credit-card industry's PCI, the various disclosure laws, the European Data Protection Act, whatever—has been the best stick the industry has found to beat companies over the head with. And it works. Regulation forces companies to take security more seriously, and sells more products and services. [25]
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