
IN THE KNOW

DON’T GET SCAMMED: GIFT CARD TIPS FROM THE FTC
FEBRUARY 28, 2025 | FRAUD PREVENTION
Gift cards are a popular and convenient way to give and receive gifts. However, they have also become a large target for scammers. To help you avoid falling victim to these schemes, we've compiled essential information and tips from the Federal Trade Commission (FTC).
RECOGNIZING THE SIGNS OF A GIFT CARD SCAM
Scammers often use specific tactics to trick you into providing gift card information. Here are some common warning signs: Unexpected Contact - Be cautious if you receive unsolicited calls, emails, or messages claiming you owe money or have won a prize. Scammers create a sense of urgency to prompt quick action.Specific Gift Card Requests - If someone insists that you purchase a particular type of gift card (such as Target, Apple, or Google Play) and provide the card details, this is a significant red flag.Request for Card Information - Legitimate companies will never ask for the gift card number and PIN. If someone requests this information, it's likely a scam.STEPS TO PROTECT YOURSELF
- 1. Trust Your Instincts
- 2. Safeguard Your Information
- 3. Verify Independently