4 Scams to Watch Out for This Black Friday

It’s a Thanksgiving Tradition!

Black Friday has traditionally been the day that ignites the holiday shopping season, sending masses of crowds through retailers across the nation. Unfortunately, it’s also a day that spawns a season of shopping scams.

Here are four scams to watch out for on Black Friday and throughout the holiday shopping season:

1. The Amazon Prime Service Fraud Scam
   In this ruse, a scammer posing as an Amazon representative, will call to notify a target about an alleged problem with their Prime account. The victim is prompted to download a tool onto their computer or mobile device so the caller can gain remote access for “helping them resolve the problem” at hand. They’ll then be instructed to log onto their banking account so the caller can be compensated for their time. Unfortunately, this will give the scammer free reign over the victim’s accounts.
2. Phishing Emails and Text
   In these scams, the victim receives an email or text allegedly sent by Amazon or another large retailer, asking them to verify or update their account. Or, it might be to supposedly confirm an order. By using the link provided, the user gives their personal information directly to the scammer.
3. Delivery issues
   Delivery scams generally take the form of a message appearing to be from UPS or another delivery service, informing the victim of a “delivery issue” with an order. They’ll be asked to confirm or update their info using a provided link. Doing so gives the scammer access to their financial information and opens the door to identity theft and more.
4. Non-delivery scam
   This scam involves a person-to-person transaction and a purchased gift that never arrives.  The seller disappears after the electronic payment is made. There’s no way to request a refund or notify them about the no-show.

Avoid Black Friday Scams

• Never provide personal financial information to anyone, unless you have initiated the call.
• Abilene Teachers FCU employees will never ask for the last 4 digits of your Social Security number, your digital banking password or your login ID.
• Don’t open links sent in emails from unverified contacts.
• Keep the privacy and spam settings on your devices at their strongest settings.
• If you have an issue with an ordered item, contact the retailer directly through their site.
• When shopping on a new site, look for a physical address, a customer service number and text that’s free of spelling and punctuation errors.
• Don’t let your heart overrule your head during this busy time of year.  If a deal looks too good to be true, it probably is.  Shop with reputable vendors who have a reputation to protect.

Stay Safe Out There!