Science & Technology

Protecting the New and Most Vulnerable Population-Subscription Scam

so Previous article, Introduced the fact that one of our largest population growth is the population of the “baby boomer” generation (the generation born between 1946 and 1964). As baby boomers grow older, they become more susceptible to many of the new dirty tricks that exist on the Internet. Phone scams, lottery scams, tech support scams, and many other scams have been around for years. Scammers have adapted by finding compelling new ways.

As detailed in a recent copy of the American Retirement Association (AARP) In magazines, fraudsters use one technique to access the victim’s bank account, “wrongly” add money to the account, and process “corrections” to effectively rob the victim. .. This is a new, serious approach that didn’t exist before.

Significantly improved statistics

I think the Boomer generation will be smarter and more cautious about such tricks, data The one provided by the Federal Trade Commission (FTC) shows something else. A cool finding is that people between the ages of 50 and 69 suffered the most scams in 2017. Recent reportsOne reason is that the early members of the Boomer generation (born 1946-1951) now belong to the group over 70 years old. To make matters worse, as with all crimes, many fraud victims remain silent for a variety of reasons, which can actually be high.

Hidden danger

Financial fraud warnings are usually focused on the expensive ones Money maker Such Bank There is a scam Other scams For more patient scammers. The benefits are much less than some more common scams, but this is less comfortable for the victim.

Magazine subscription scams are scams that use multiple methods to target victims.

The scammer contacts the person, claiming that the magazine subscription will be canceled unless it is renewed. This cancellation notice may arrive by snail mail, phone, or email. Another tactic used by scammers is to claim that all subscriptions can be consolidated at a lower rate than paying individually.

Fraudsters accept all forms of payment, including recurring payments that are set to automatically withdraw money from the victim’s bank account. This is especially malicious as it can be overlooked and left undetected. My mother was scammed this way for hundreds of dollars a month, so I know this scam from my personal experience. Have you ever thought of asking your mother, “Mom, would you like to see your checkbook?”

You may be wondering, “Who is already subscribed to the magazine?”, But it should be noted that magazine subscription scams are relevant enough to justify the FBI’s attention. Find information To find out more about the victims of this scam.most Recently, 60 defendants have been charged with stealing $ 300 million from victims for 20 years. At face value, this may not seem like much, but if divided evenly, it would be stolen $ 250,000 by each defendant. This “slow lip” scheme can take longer than the very popular and more lucrative ransomware attacks, but sitting around fraudulent consumers is not a bad payday.

Protect yourself and others from magazine subscription scams

One way to protect against this type of scam is to look at the mailing label on the printed magazine you received. Legitimate publications will show the expiration date of that subscription, as shown in the images of the two subscriptions below.

Another way to protect yourself and your family from magazine subscription scams is to expire your actual subscription. You’ll be amazed at how aggressively legitimate publishers contact you to renew your subscription. Publishers can also access other numbers on the sample label above, so compare them to the subscription renewal notification numbers to make sure they match and renew with a real subscription provider. You can confirm that.

Do not consolidate or accept offers to consolidate subscriptions. Not only are most of these “services” fraudulent, but even a few legitimate services can’t save a lot of money and you want to unsubscribe from a particular magazine under its integrated subscription. It’s much harder to do.

Previous blogs in this series

Editor’s Note: The opinions expressed in this guest author’s article are only those of the contributors and do not necessarily reflect the opinions of Tripwire, Inc.

Protecting the New and Most Vulnerable Population-Subscription Scam Protecting the New and Most Vulnerable Population-Subscription Scam

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