$148 Million Lost to Gift Card scams in 2021, FTC Reveals
US Federal Trade Commission (FTC) has disclosed that in the first nine months of 2021, $148 million was lost by consumers to gift card scams. Gift card scams are fraudulent activities that ask victims to make payments using gift cards. According to the FTC, nearly 40,000 consumers reported making payments in gift cards. Victims do not realize they are dealing…