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The FBI\u2019s Internet Crime Complaint Center (IC3) has been receiving record numbers of complaints each year about fraud schemes targeting consumers. The center says in 2021, Americans lost $173 million to credit card fraud and more than $337 million to non-payment and non-delivery scams.\n\nThese scams work, because we don\u2019t know what we don\u2019t know. Here are the top holiday scams and tips for preventing them:\n\n1). The Gift Card Peek Scam. Scammers will take gift cards off the rack, scratch off the silver coating that protects the PIN code, record the code, then carefully apply a new coating in a way that leaves buyers none the wiser. The perpetrator waits a day or two for the card to be purchased and activated, and the card number and PIN are ready for the scammer to use. Solution: Carefully examine any gift cards you purchase. Better yet, send e-gift cards directly to recipients from a reputable site.\n\n2). Mail Theft. Sending cash through the mail is still popular. But handwritten addresses and colorful envelopes make it easy for thieves to distinguish personal cards from the sea of junk mail and bills. They\u2019ll steam a card open to look for cash, reseal the envelope and put it back in your mailbox. Solution: Don\u2019t send cash. Order a cool gift online or send an e-gift card.\n\n3). Package Theft. Bold porch pirates continue to pilfer holiday packages despite the increase in video doorbells. Even when a retailer has sent photo evidence your gift was delivered, it could still go missing before the intended recipient retrieves it. Solution: Consider a package drop box secured with a key you control. You can also keep an eye on your video doorbell notifications for deliveries and have a neighbor swing by if you\u2019re not home.\n\n4). Counterfeit Goods Scams. An estimated 57% of shoppers will make their purchases online this holiday season, according to research from the accounting giant PwC. You can be sure scammers will be ready, advertising hot deals on well-known brands via social media. Their websites will look genuine and may even feature the brand\u2019s name in the URL for legitimacy. You or your recipient will probably even receive the goods, but they\u2019ll clearly be cheap knockoffs. Solution: Buy from reputable sites you trust. If you\u2019re suspicious, do a Google search of the site\u2019s name plus the word \u201cscam\u201d to see what comes up.\n\n5). The \u2018Grandchild in Trouble\u2019 Scam. Scammers rely on manipulative social engineering to trick seniors into sending money. They\u2019ll call and pretend to be a grandchild who\u2019s taking a holiday season vacation in Mexico and has been arrested. They want you to post bail and not involve their parents. Solution: Call the child\u2019s parents to check in. Chances are that the kid in question is safe at home.\n\n6). Vacation Rental Scams. As traveling is on the increase following years of pandemic-related slowdowns, scammers continue to post beautiful rental properties that don\u2019t exist. They will try to get you off the app to communicate with them and submit payment, reducing traceability. Solution: Use trusted apps to book rentals and keep all interactions within the platform.\n\n7). Business Email Compromise (BEC) Scams. Impersonating a company\u2019s executives via email and text message has become quite a boon for fraudsters, resulting in nearly $2.4 billion in losses last year. They rely on urgency and authority to convince you to pay an invoice for the employee holiday party or submit a wire transfer without making sure to ask is legitimate. Solution: Check in with your \u201ccolleague\u201d using a separate channel (phone, Slack, etc.) from the email you received.\n\n8). Charitable Giving Scams. Fraudsters know people are more likely to give to those in need during the holidays. They will use phishing emails and phone-based scams to fleece you. Solution: Go straight to an organization\u2019s website to make a donation. Don\u2019t use the link in an email.\n\nContact Me:\nLinktree: https://linktr.ee/coachchelle\n\n\n\n\n\n\n\n\n\n\n--- \n\nSupport this podcast: https://podcasters.spotify.com/pod/show/michelle4466/support