Scammers used payment networks like Cash App, QuickPay, Venmo and Zelle to bilk families and businesses out of more than $27,000 in January 2022
The popularity of mobile payment apps like Cash App and Venmo is giving rise to incidents of scammers using these digital networks to bilk ComEd customers out of their hard-earned money. ComEd urges customers to be aware of these new scam attempts so they identify and avoid them.
Top iTechnology Automation News: Sequans Integrates MicroEJ Edge Container on its Monarch 2 LTE-M/NB-IoT Platform
In January 2022, ComEd received more than 240 reports of scams from customers, a more than 150-percent increase from January 2021. Even worse, the amount of money reported lost to successful scams rose dramatically to more than $27,000 in January 2022, 20 times more than January 2021.
Scammers are contacting ComEd customers by phone, although some contacts can be made by text or email, demanding payment to a particular account under the threat of immediate service disconnection. The imposter will instruct the customer to use a mobile payment app, which often have higher transaction limits than pre-paid cash cards.
“The ease of using mobile pay apps has made the process of scamming customers more efficient for imposters,” said Melissa Washington, ComEd’s chief customer officer and senior vice president of customer operations. “As scammers alter their schemes, ComEd will be there to alert customers of the latest attempts to con them out of money and personal information.”
“Scammers keep adding new tools like payment apps to take advantage of unsuspecting victims,” said Steve J. Bernas, president and CEO of the Better Business Bureau serving Chicago and Northern Illinois. “Along with impersonating utility representatives, there are fake calls and emails from the IRS, Social Security, and other government officials demanding immediate payments. A lot of scams the BBB sees are based on unconventional payment methods. That is the tip-off to the rip-off. Never give out personal information or send money until you have contacted the company directly to check your account status.”
Top iTechnology 5G Technology News: CSS Corp and SupportLogic Announce Strategic Partnership to Deliver Proactive Customer Support Experience
Tips to help identify scams
- ComEd will never call or come to a customer’s home or business to:
- Ask for direct payment with a prepaid cash card, cryptocurrency such as Bitcoin, or third-party payment app like Cash App, QuickPay, Venmo or Zelle.
- Demand immediate payment.
- Ask for a ComEd account number or other personal information, such as a Social Security number, driver’s license number or bank information.
- To identify an actual ComEd employee or communication, remember:
- All ComEd field employees wear a uniform with the ComEd logo and visibly display a company ID badge with the logo and employee’s name. ComEd recently changed its logo, so you may continue to see the former ComEd logo on uniforms, badges and vehicles until it is phased out.
- Check the name on email or websites and make sure they match the name and address of the company you do business with. Look for misspellings or slight alterations.
- Make a call to verify the suspected email or website is from a trusted source. Use a phone number from your personal business records or the company’s official website and not the number provided in the email.
ComEd urges anyone who believes they have been a target or victim of a scam to call ComEd at 1-800-EDISON-1 (1-800-334-7661). To learn more, visit ComEd.com/ScamAlert.
Payment Assistance to Help Customers Avoid Scam Attempts
“ComEd takes seriously its responsibility to help our customers protect themselves, and we realize scammers prey on those they suspect may be behind in their bills,” said Washington. “That is why we offer a number of payment-assistance options, including flexible payment options, financial assistance and usage alerts for current bills.”
Top iTechnology Cloud News: Tagboard Raises $8 Million Series A Accelerating Momentum for Cloud Production Platform with Investments from Grayhawk Capital, Next Frontier Capital, Sinclair Broadcast Group and WISE Ventures
[To share your insights with us, please write to sghosh@martechseries.com]
