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Retailers Can't Keep Scammers Away From Their Favorite Payment Form: Gift Cards
Retailers are struggling to rein in the proliferation of scammers tricking Americans into buying thousands of dollars' worth of gift cards. From a report: The Federal Trade Commission estimates that Americans lost at least $217 million to gift card scams last year. That number is likely higher, give...
Retailers are struggling to rein in the proliferation of scammers tricking Americans into buying thousands of dollars' worth of gift cards. Cracking down on gift card scams was a hot topic this week at the National Retail Federation's (NRF) cybersecurity conference in Long Beach, California. Each scam targets vulnerable populations: elderly, less-tech savvy people; those who are lonely and work from home; and even young kids, experts say.
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