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Zelle and PayPal are under attack from scammers who lure victims into tempting scenarios.
Mecklenburg County, North Carolina — Now is the perfect time for scammers to try to trick unsuspecting victims with apps like Zelle and PayPal.
Each platform alone has seen more complaints and more fraud in the last year. Zelle’s complaints have increased him 86% over the past year. At PayPal, fraud increased to nearly 32% of his.
Some of these platforms are the Wild West in that scammers use them due to their peer-to-peer functionality.
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Transactions are encrypted through Zelle, making it difficult to hack ongoing payments, but scammers are using its peer-to-peer capabilities to entice people with rental scams and online pet ads. increase.
Bernadette Joy, CEO of Crush Your Money Goals, said: “If you’ve never heard from them or they seem to be turned off, they probably are.”
PayPal reports that victims were sent cash through the platform, but no products were sent. Most people cite bogus scam claims and fake bitcoin purchases, which is also a big deal.
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Joy advises people to close existing accounts and credit cards that are not in use, keep an eye on transactions on any account, and check their credit score from time to time.
If you have seniors or seniors in your family, check them out as well. Scammers often use these tactics against seniors who they believe are not tech-savvy, and often don’t realize what’s going on until it’s too late.
Contact Colin Mayfield: cmayfield@wcnc.com or follow him Facebook, twitter When Instagram.
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