Companies like Amazon, PayPal and Best Buy warn consumers over social media scams

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Cybersecurity News

Scams,Social Media

Scammers are using a new techniques that impersonates popular businesses to steal customers' financial information.

According to FTC data, consumers filed around 52,000 impostors reports from Best Buy's Geek Squad, 34,000 from Amazon, and 10,000 from PayPal.Multiple consumer protection agencies are alerting customers about new strategies scammers are using to steal money from them through social media.

For example, Best Buy recommends approaching any calls claiming to be from them or from Geek Squad telling customers to renovate a technical service for computers with much suspicion. "We have focused greatly on the Latinx community and have all the information on what we can do, all of the reports in Spanish, and have been able to establish cases and stop scams that specifically attack the Latinx community," Méndez said.

 

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