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  • Geebo 9:00 am on March 1, 2022 Permalink | Reply
    Tags: banking, , , , ,   

    Tech support scam costs victims hundreds of thousands of dollars 

    Tech support scam costs victims hundreds of thousands of dollars

    By Greg Collier

    If you’re tech-savvy, you may think to yourself, how can anyone fall for a tech support scam, especially one that involves pop-ups? In the past, pop-up windows were such a nuisance that most modern browsers come with pop-up blockers. Today, we hardly even think about pop-ups. However, if we do come across one, we largely ignore them and never go to that website ever again, as it could be providing false information or trying to inject malware into your system. Unfortunately, not everyone is that technically inclined, and those are the people that scammers are preying on. It might not be so bad if the scammers were only taking a few dollars, but these con artists are taking money from people in the six-figures.

    There’s not a lot of information on this story, but we imagine this is how it happened. A woman from Ohio saw a pop-up on her computer. It probably said that her computer had been hacked and left a phone number for her to call. The scammers posed as her bank and was told her bank account had been compromised. In order to protect the funds, she was told to give the person on the phone remote access to her computer. She was also instructed to move money from her IRA to a checking account. After it was all over, the scammers had stolen close to $300,000 from her.

    In Lincoln, Nebraska, a man fell for a similar scam. He also received a pop-up that said his bank account had been hacked and gave a number for him to call. This time, the scammer posed as a Microsoft employee. Again, the man was asked to give remote access to his computer. He was also instructed to move his money to another account, an account that scammers had access to. The man was even instructed not to discuss the matter with police. The scammers took just a little over $200,000 from him.

    Let’s just say that these two instances were committed by the same group of scammers. By just finding two people who fell for their scam, they were able to collect half a million dollars. Scammers don’t need to fool everyone, just a handful of victims.

    If you know someone who may be vulnerable to this scam, please let them know that this isn’t how their devices work. If they see a message that says they’ve been hacked, that message has definitely been sent by scammers. Also, they should never call any phone numbers attached to these pop-ups, as they’ll always connect you to a scammer. Last;y, they should never give anyone remote access to their device, unless it’s that one family member who fixes everyone’s computer.

  • Geebo 8:01 am on March 22, 2021 Permalink | Reply
    Tags: , banking, , ,   

    Victim loses stimulus in bank scam 

    By Greg Collier

    Many taxpayers received their $1400 stimulus payments in the last week or so through direct deposit. Almost as soon as the economic impact payments hit people’s bank accounts, scammers have tried to weasel their way into people’s lives to steal those payments. Unfortunately, one woman from Texas found out the hard way that these scams are going on.

    The woman received a phone call that appeared to be coming from her bank. The number on her caller ID matched that of her bank’s customer service number. The caller claimed that there appeared to be fraudulent activity on the woman’s account and that they needed her help in clearing up the situation. While the report doesn’t specifically state it, it implies that the caller asked the woman for her banking information. Before she knew it, her account had been cleaned out. This included not only her stimulus payment but a paycheck as well.

    With scam phone calls being so prevalent many of us have stopped answering calls if we don’t recognize the number. How many cars can one person possibly own to have so many car warranties expire. But that’s a post for another day. What we’re getting at is, if the number is not on your list of contacts, you’re better off not answering the call even if it appears to be your bank.

    While many banks and other financial services do actually call their customers when there’s possible fraudulent activity on the account, you’re still better off letting the call go to voicemail. If the call is actually from your bank, you can call them back at the customer service number on the back of your debit or credit card or the number that’s on your bank statement. Don’t just Google a customer service number for your bank either as some scammers take out ads on Google posing as customer service departments for various well-known businesses.

    If you do answer the call, be on the lookout for telltale signs of a scam. Your bank shouldn’t ask for your account number as they should already have it. They won’t need your password to your online banking account either.

  • Geebo 12:51 pm on December 12, 2016 Permalink | Reply
    Tags: , banking, finance, spending   

    How traffic light colors helped people from overspending 

    How traffic light colors helped people from overspending

    An east coast based bank reportedly installed a simple feature on their app to keep their customers from overspending. The bank simply put in different colored notifications that would indicate how your spending compared to the previous month. Using the simple red, yellow and green combinations the app has allowed hundreds of thousands of customers to reduce their overall spending.

    This is something that more banks should probably look into, not just for protection of their customers but for better business as well. The less that customers spend from their bank accounts the more assets banks have to lend with the potential of greater profits.

    Whoever thought that all it would take were three simple colors that we’ve recognized since a young age that mean go, caution and stop?

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