Scammers target shoppers on Black Friday and Cyber Monday, fraud prevention company says

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(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:

  1. 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
  2. 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.
  3. Gift Card Scams – Offers on social media which say things like, “Pay $10 to receive $100 in gift cards” are common ploys.
  4. 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.
  5. 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.

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This story was originally published on November 20, 2019)

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