Apple Gift Card Scams: Suggests ways to spot them

[freeamfva]

Apple Gift Card Scams: Suggests ways to spot them


Gift card scams are an increasing problem. It is not an issue in dispute anymore but has become a severe cause of concern for marketers worldwide. A report by the Federal Trade Commission reveals:To get more news about 海外充值快手, you can visit nnxwheels.com official website.

”The data spotlight shows more than 40,000 consumers were impacted by gift card scams during the first three quarters of 2021, with the practice reaching heights to $51 million and 14,000 reports during Q1 alone. While. median losses for each of the incidents rose to $1,000 in 2021.”

Another organization, Cyber-Forensics.net, a cyber forensics service for online scam victims, analyzed the “data spotlight” only to find that much larger thefts of $5,000 or more resulting from gift card scams now represent more than 8% of financial losses in 2021.

Out of this percentage, apple gift card scams became brazen. Such frauds especially become more active during the holidays as the season is ripe for scammers to go phishing.

Understanding the grave danger, the firm’s chief analyst Timothy Benson investigated how scammers exploit apple gift card schemes?Fraudsters call people to make payments over the phone (also called vishing) for bail money, hospital bills, utility bills, debt collection, or any other.

The Apple gift card scams are committed using several methods. Fraudsters call individuals and request them to provide the numbers printed on the back of the Apple Gift Card, iTunes Gift Cards, or App Store code.

Regardless of the reason for the payment, the fraudsters follow a particular trick to implement this scam. The scammers call the potential targets, create a fake scenario to steal data, and instill panic and urgency to make a payment through Apple Gift Card. Once the victims have purchased the card, the scammers ask them to share a 12 digit code provided on the back of the gift card over the phone.
Apple Gift Cards are specifically designed to purchase goods and services. Users can make purchases from the Apple store, Apple store apps, iTunes, Apple Music, Apple books, Apple TV, and other Apple properties. Therefore if someone receives a request asking for payment using Apple Gift Cards outside the items described above, they should report the issue.

In addition to this, Apple gift cards cannot be used to make payments for things like hospital bills, electricity bills as these cards are non-refundable and cannot be exchanged for cash or any other item.Fund recovery expert Timothy Benson explains: to receive money via transfers; a scammer needs a legitimate financial account for victims to pay them.

Contrary to this, sending gift cards over the phone does not require undergoing any legal procedure. One doesn't need a secure financial account to redeem these gift cards.

All that a scammer needs is to ask the consumers to scratch the silver protected code and convince the victims to send the code printed on the card.