Recognizing and Avoiding 7 Sneaky Scams

Beware of gift card scams that often initiate through phone calls, emails, or text messages. It is crucial to understand the tactics employed by fraudsters who manipulate individuals into either purchasing online gift cards for them or divulging card numbers over the phone.

According to the Federal Commission, scammers typically employ various communication channels, such as calls, texts, or emails, to deceive their targets by claiming they are facing financial difficulties. These deceptive tactics may involve false assertions that victims have outstanding tax payments, are behind on mortgage installments, owe substantial amounts in speeding fines, or have fallen behind on utility bill payments. To coerce their targets into compliance, scammers resort to threats of foreclosure on homes, incarceration, or disruptions to essential services, such as shutting off power, unless immediate payment is made. Stay vigilant to protect yourself from falling victim to these manipulative schemes.