Keeping up with cybercriminals is like trying to nail jelly to the wall. Just as you think you're up to speed, a new scam hits the headlines. Using new tech innovations like AI, scammers are getting much better at impersonating banks, healthcare providers, and…us. This year has been no exception, with a slew of fresh scams hitting cell phones and bank accounts everywhere. Here are four scams to watch out for this year.
1. Phony Cell
Provider E-mails
Increasingly,
cybercriminals are taking advantage of cell service outages to scam customers.
It's happening all over the US with AT&T customers, who, after an outage,
receive bogus e-mails offering refunds or credits.
How to avoid it: Never
click on links or payment instructions in an e-mail. Always verify that any
communication from a provider is coming from an official domain, like @att.com,
or call AT&T directly using their official number or website.
2. Grandparent Scams
Grandparent
scams have been around for a while, but the FCC reports more advanced versions
involving impersonators or AI "clones" using a loved one's voice (usually a
grandchild) and sometimes a spoofed caller ID. The caller claims to be a loved
one who's in jail or has been in an accident. Grandparents are often given a
phony case number and are instructed to call an attorney. If they do, a series
of other criminals conspire to trick them out of thousands of dollars.
How to avoid it: If you
receive an urgent call like that, call your loved one directly to verify that
they are safe. If they don't answer, call other family members to see if they
can verify the situation. Remember, the criminals will try to convince you to
keep it a secret - don't.
3. Check "Cooking"
Banks
reported nearly 700,000 instances of check fraud in 2022, according to
reporting by Associated Press. We've talked about criminals stealing checks
from mailboxes, but recently they've started taking pictures of checks instead.
Then they use off-the-shelf digital tools to make counterfeit checks, deposit
the digital ones using a mobile banking app, or sell the checks online.
How to avoid it: Use your
credit card as much as possible. When a paper check is unavoidable, skip your
mailbox and take it directly to the post office.
4. Home Improvement Scams
In 2023, a
study by JW Surety Bonds reported that one in 10 Americans had been a victim of
a contractor scam, losing an average of $2,500. These scammers often demand
up-front payments or deposits and then fail to complete the work, deliver
substandard results, or disappear altogether, leaving homeowners out of pocket
and with unfinished projects.
How to avoid it: Ensure
the contractor is licensed and insured, get everything in writing, don't skim
the contract, and never pay the full fee upfront.
