NRF Says Gift Card Scam Is Overblown

WASHINGTON - The National Retail Federation here is downplaying reports about a new gift card scam that says consumers are losing money from gift cards when criminals steal the card numbers from the back of the cards.

WASHINGTON - The National Retail Federation here is downplaying reports about a new gift card scam that says consumers are losing money from gift cards when criminals steal the card numbers from the back of the cards. “The retail industry has implemented sophisticated safeguards to prevent thieves from obtaining, and using, consumers‘ gift cards,” said Joseph LaRocca, NRF vice president of loss prevention, in a statement. “Most gift cards are outfitted with scratch-off securi

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