'Essentially, I just gifted a scammer $100': Gift card draining costing shoppers and retailers

The video discusses the growing issue of gift card fraud, highlighting how scammers tamper with cards to steal balances. It features a case study of Alexis Cruz, who unknowingly purchased a compromised card. The video outlines the financial impact of such fraud, with consumers losing millions annually. It also covers preventive measures, including new legislation in Maryland, and offers tips for consumers to avoid falling victim to scams, such as checking for tampering signs and using credit cards for purchases.

What was the main issue faced by Alexis Cruz with her gift card?

• The card was expired.

• The card had been tampered with.

• The card was lost.

• The card was not activated.

How much money did consumers reportedly lose to gift card fraud last year?

• $217 million

• $100 million

• $300 million

• $150 million

What new measure is Maryland implementing to combat gift card fraud?

• Increasing gift card fees

• Mandatory secure packaging

• Limiting gift card purchases

• Banning gift cards

Which of the following is a recommended practice to avoid gift card fraud?

• Use cash for gift card purchases

• Buy cards from the front of the display

• Ignore the packaging

• Check for signs of tampering

What action did Target take after being informed about Alexis Cruz's situation?

• They ignored the complaint.

• They replaced her gift card.

• They offered a discount.

• They issued a public apology.