Fraudsters spend all their waking hours concocting new and creative ways to separate you from your money. Even very smart people can be conned by smart criminals. It helps to be aware of common scams and get tips from experts on how to avoid them. Here’s a roundup of some recent scams that have hit our radar.
“It’s a nightmare scenario for any homebuyer: the day before closing, a scammer manages to trick you into wiring your down payment to an offshore account. You lose your hard-earned money and you lose the house, and there’s no way you can get either one back.
That’s how some criminals have adapted the common “business email compromise” scam – so-named because it used to almost exclusively target businesses – to focus on individuals, especially people who are involved in a pending real estate transaction.”
“Hackers are increasingly attempting to extort companies and individuals by threatening severe reputational harm through online reviews sites such as Yelp and TripAdvisor, security experts tell The Hill.”
While internet extortion schemes are not new, their perpetrators now appear to be spamming sites where enough negative reviews can scare away firms’ customers.
“It is definitely an increase that we see — that more and more hackers are misusing the whole brand reputation and any type of review process to blackmail and extort companies,” Candid Wueest, a Symantec threat researcher based in Europe, told The Hill. “Of course the same would be harmful for anyone who has an online profile such as hotels — we’ve seen it with restaurants as well, like TripAdvisor or Yelp.”
“In a new report, the Better Business Bureau warns that regular checks, cashier’s checks, and money orders can all be forged. They found fake check fraud in reports “about employment frauds, sweepstakes frauds and smaller numbers in areas such as bogus grants, tech support, online purchase fraud, and rental frauds.”
“What they all have in common is that the check is counterfeit and just because the money is credited to your account does not mean the check is good,” Baker said.
… “If you get a check from somebody that is not a family member or in person or is not a payroll check, you need to wait at least two weeks to be sure that that check really is good and is not counterfeit,” Baker said.
Jobseeker scam: Phony Amazon Job Asks Applicants to Pay Upfront
It sounds like the perfect job: work at home, make thousands of dollars a month, and have a career with famous corporation. But this new twist on an employment scam is fooling victims into paying hundreds of dollars for a job at Amazon that doesn’t exist. Reports to BBB Scam Tracker about this con have increased steadily this summer.
“I.R.S. scams, as well as other telefraud scams, are conducted by multiple groups and individuals operating out of India, Nigeria, Costa Rica, Jamaica and other countries,” said Nicole Navas Oxman, a spokeswoman for the Justice Department. “While this prosecution is a major success in disrupting the largest group of conspirators operating out of multiple call centers identified to date, other perpetrators of the IRS scam and similar scams remain at large.”
Fraud fighting tool from the BBB
The Better Business Bureau offers an online Scam Tracker that allows you to find out recent scams that are happening in your local area. Use a clickable map to find scams in your area that are occurring in real time. You can click for details of the scam, the business name that the scammer used, the victim’s zip code and the dollar amount of the loss. You can also report scams to help others out.