You've been accepted for a job you didn't apply for! You have been chosen to be a secret shopper! You've won a million dollars! Let's face it, over the years we've all been bombarded by too good to be true offers that turned out to be just that– fake! Among these clever hoaxes, is the ole fake check scam. In a check scam, a person you don't know asks you to deposit a check – sometimes for several thousand dollars and usually for more than what you are owed – and wire some of the money back to that person. The scammers always have a good story to explain the overpayment – they’re stuck out of the country, they need you to cover taxes or fees, you need to buy supplies, etc. By the time your bank discovers you’ve deposited a bad check, the scammer already has the money you sent, and you’re stuck paying the rest of the check back to the bank. Fake checks drive many types of scams like those involving phony prize wins, fake jobs, mystery shoppers, online classified ad sales, and many others.
There have been such a large number of these scams detected and reported that the Federal Trade Commision (FTC) has developed a helpful inforgraphic to offer some tips on how to handle the situation if you get caught up in a check scam.
As always, stay cyber safe. And if something seems too good to be true, it probably is! For more information about these types of scams sign up to receive cybersecurity training with ThreatAdvice! www.threatadvice.com