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Don’t click on any links in emails or text messages, and instead log into your bank accounts using their official website or telephone number. Use two-factor authentication wherever possible and if you already are a victim of a scam contact an expert to clarify questions such as will hsbc refund scammed money.
Fake Check Scam
This scam comes in many forms but all involve the forging of a money order or cashier’s cheque that is then used by thieves to steal money from you. Fraudsters create checks that appear to be real using advanced graphics and printing technologies. These fake checks are difficult to detect by consumers and bank employees. This is why scammers use them to steal money.
The scam starts when a “buyer”, who has contacted you via a print or online advertisement, contacts you to buy an article from you. The “buyer” tells you that they will send a cashier’s check or money orders for more than the listed price of the item to pay for taxes, fees, and shipping charges. The buyer then pressures you to wire the excess funds immediately, citing an emergency or other false reason.
Once you deposit the check, it can take weeks for the bank to realize that it’s a counterfeit and remove the funds from your account. When the bank reverses your transaction, the money you sent and spent is still your responsibility, as are any fees.
To avoid this type of fraud, don’t send any money, cash, or gift cards to anyone who asks for it. Be cautious of anyone who claims to be your bank or another financial institution. They may be trying steal your money. Never give out sensitive data to anyone who contacts you via phone, email or social media.
Phishing scams are a type of scam which targets individuals and companies. Criminals send email or text messages that appear to come from a legitimate company, such as your bank, Amazon or even the IRS, and ask for personal information or money. They may also include a link that takes you to a fake website where you are asked to enter your login credentials. This information is sent directly to the criminals behind the scam and can lead to identity fraud or account takeover.
Some phishing scams rely on fear to convince victims to click. An attacker might say that a warrant for your arrest is issued if you do not respond. Some attackers play on the victim’s greed by telling them they have won the lottery or that their employer has given them a large cash payment.
The majority of spam filters will catch phishing emails. However, attackers are always working to outsmart these filters. An attacker might, for example, register a website that looks similar to the official domain of a popular company. They may then use a company logo that looks authentic and fake contact details in order to convince their victim that the email is legitimate.
Joe Partlow, the CTO of ReliaQuest, explains that a typical phishing message will try to trick a victim into clicking on a malicious link. These links open a fake sign up page for the victim’s favorite online service, or a site they believe the victim is familiar. The attackers then harvest sensitive information from the victim and may download malware onto their device.
The damage from phishing attacks can be significant for consumers and companies alike. Ransomware can cause companies to be crippled and victims can lose their personal data and life savings.
A sweepstakes fraud usually involves a fake cheque. The scammer tells the victim that they have won a lottery or sweepstakes that they didn’t enter and that they must pay fees to claim their prize money. These fees can include government taxes, courier costs or insurance charges. The scammer will claim that the fee is required to keep the winnings confidential and secure. Many victims lose thousands before they realize the check is fake. The scammer will often use a false name and address to appear more legitimate.
These types of scams are becoming more prevalent in the United States. They can be initiated through mail, telephone, email or text message. The scammer may claim to be an official of a federal agency, state agency, or even a legitimate company like Publishers Clearing House. The scammer might also use an authentic local phone number in order to make the call appear more genuine. The scammer asks the victim to deposit the cashier’s checks in their account, and then withdraw some of the funds for the scammer to wire. Eventually, the scammer will either disappear with the money or the check will bounce.
This type fraud can be very deceptive. It can cause financial hardships for seniors. It is difficult to detect, making it hard for family or caregivers to assist. In one case, a retired college president who suffered from Alzheimer’s disease sent tens of thousands of dollars to the scammer.
Some of the most sophisticated sweepstakes schemes combine a fake cheque with money laundering. These scams are sometimes referred to as “money mule” or “converter” schemes. They work by convincing a person to move money on their behalf, often from a different country. The money is then used to fund illicit activity or to launder money from other illegal activities.
It is best to read the fine prints and think before you take action to avoid being scammed. Be skeptical of any solicitation based on a sense urgency. If you are unsure, always consult with a trusted friend or family member before sending any money. If you think you have been a victim of a sweepstakes scheme, you can contact the Federal Trade Commission or your local consumer office.
Government Agency Scam
Scammers can trick consumers by sending phony emails, letters, phone calls, or text messages that appear to be official government communications. Scammers ask consumers to respond to a phony letter or email asking for personal information or money. To make the scammer seem trustworthy, they often use official sounding names and stationary. They may even send photographs of badges or credentials that look authentic.
A government imposter scam involves a person claiming to be a federal or state law enforcement officer. The caller will claim that they are investigating criminal activity such as identity fraud or mortgage fraud and demand money in order to resolve the issue. The caller will also warn the consumer of severe consequences such as confiscation of their property or freezing of their bank accounts if they do not pay the “settlement fee” immediately.
A variation of this scam involves individuals claiming to be from Customs and Border Protection, the Social Security Administration or another government agency. The scammer contacts the consumer to inform them of suspicious activity on their Social Security Number. The scammer will ask for personal information such as the Social Security number, bank account numbers and other details to verify the consumer’s identity or confirm their eligibility for a grant. The scammer then presses the victim into sending money, purchasing prepaid cards or other forms of payment such as cryptocurrency.
The FBI warns consumers to never give out their financial or personal information to someone who claims to be a government employee, whether it’s over the telephone, via text message or online through email or social media. These scammers will steal your identity and money using the information you provide. They can drain your bank account with unauthorized withdrawals or purchases and use your personal information to steal your identity.
Do not give any information to anyone claiming to be a government agency who calls, texts or emails you. The Social Security Administration and other reputable agencies will never solicit personal information or request money over the phone, through email, on social media, or in other ways.