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Gift card scams generate billions for fraudsters and industry as regulators fail to protect consumers − and how one 83-year-old fell into the ‘fear bubble’

  • Written by Dr. David P. Weber, Professor of the Practice in Fraud and Forensic Accounting, Salisbury University
Gift card scams generate billions for fraudsters and industry as regulators fail to protect consumers − and how one 83-year-old fell into the ‘fear bubble’Banking regulations haven't caught up with gift cards, which fraudsters are using to steal money from people in ways that are difficult to trace or reverse.The Conversation, CC BY-ND

Wednesday morning, the day before Thanksgiving, Mae awoke, set her hair in curlers and switched on her laptop. The screen froze and a message appeared. It said her...

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