IF you’ve received a gift card this holiday season, there’s a dangerous scam you need to watch out for. Security experts have warned over the con, revealing how it could raid your gift card balance – and leave you with nothing. GettyGift card fraud is highly lucrative for cyber-criminals[/caption] It’s part of a growing trend of gift card fraud, according to cybersecurity giant McAfee. Gift card fraud is a huge problem for Americans, and one particularly nefarious scam involves fake websites. “According to the U.S. Federal Trade Commission (FTC), they received nearly 50,000 reports of gift card fraud in 2022,” McAfee explained. “Those losses racked up more than $250 million
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