2.2K reactions · 504 shares | Social Security will never threaten you or demand instant payment by gift card, wire transfer, cryptocurrency, or cash. Spot the scam and report it at SSA.gov/scam. | Social Security Administration | Facebook

In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to hel