Best Buy is most impersonated company by scammers, FTC says

Best Buy and its Geek Squad tech support brand is the most impersonated among scammers, according to a new report from the Federal Trade Commission. The newly released data, published on Friday, said the FTC received about 52,000 reports of scammers impersonating Best Buy or its Geek Squad, followed by about 34,000 reports about scammers impersonating Amazon. PayPal was the third-most impersonated company with about 10,000 reports from consumers, the agency said.

People reported losing a total of $60 million to Microsoft impersonation scams and $49 million to Publishers Clearing House scammers, the agency said.Scammers requested a variety of payment methods, including cryptocurrency and bank transfers, which were the top methods used by investment scammers, according to the FTC data.The top payment apps and services people reported paying with were PayPal, CashApp and Zelle, while the most reported gift cards were Apple and Target.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best Buy is the most impersonated company by scammers, FTC saysHere are tips for avoiding getting duped by a scammer trying to separate you from your money.
Source: CBSHealth - 🏆 480. / 51 Read more »

To Buy Or Not To Buy A Used EV Market: Point/CounterpointA used EV will help us to restore and protect biodiversity and will contribute heartily to saving our planet and our lives as we know them.
Source: cleantechnica - 🏆 565. / 51 Read more »

Citi says investors should focus on dividends, lists several buy-rated income stocks to buyAs a lower interest rate environment begins to materialize, investors can turn to dividend-growing stocks for a steady income stream.
Source: CNBC - 🏆 12. / 72 Read more »