(WEHT) – Black Friday and Cyber Monday are right around the corner, but shoppers need to be aware of the threat of scams.
According to the Federal Trade Commission, $1.48 billion was reported lost last year due to fraud.
That’s an increase of 38% since the previous year.
Fraud prevention company RedMarlin researched and compiled a list of the top five Black Friday and Cyber Monday scams:
- Gaming Scams – A popular scam on the game Fortnite involves the in-game currency ‘V-Bucks.’ Scammers claim to hack into Fortnite’s serves and increase the number of your ‘V-Bucks.’ They may ask you to complete a survey and enter your credit card information, but the promise of ‘V-Bucks’ is just a way to lure
- Cryptocurrency Discount Scams – Scammers offer huge discounts and cashback offers on bitcoins and other cryptocurrencies. The scam often starts with an email linking to a webpage with a promo code. That page will take them to a page where they can enter payment methods.
- Gift Card Scams – Offers on social media which say things like, “Pay $10 to receive $100 in gift cards” are common ploys.
- Survey Scams – If you find yourself on a website with a pop-up ad telling you that you’ve been chosen to participate in an anonymous survey with a reward. It’s always a good idea to double check the URL of your website to make sure it’s authentic.
- Fake Shopping Websites – Facebook and Instagram ads often used to link to fake Black Friday deals at strange URLs with images that could easily be grabbed from Google.
This story was originally published on November 20, 2019)