Have you heard about the latest banking fraud? In this internet age, online scams have emerged as a new trend; chances are good that you have encountered one, no matter how big or small. People from numerous nations, including the United States, have occasionally fallen victim to scams.
Recently, a new fraud has made headlines, and many individuals have fallen victim to the scammer’s deception. Don’t worry; we’ll give you all the specifics on the fraud that has been terrifying people worldwide. Continue reading Bank Mobile Alert Scam to learn more about this scam and how to protect yourself in the future.
Commonwealth Edison Company (ComEd) received approximately 280 fraud reports from consumers in July 2022, a considerable increase from the 80 reports received in July 2021. Along with a rise in reported instances, 2022’s July also saw a sharp spike in the number of money consumers allegedly lost to successful scams, reaching over $25,000. However, in July 2021, fraud losses were estimated to be over $4,000.
Since many individuals are incredibly concerned about Bank Mobile Alert Visa Card Locked, the rising fraud loss estimates, and a rise in fraud activities, this subject is now trending on the internet.
Scammers have been caught taking advantage of the circumstances by ComEd to cheat customers out of their hard-earned money.
According to documented occurrences, fraudsters are contacting ComEd consumers by phone most of the time, while they are also texting or emailing them. In which they are threatening to immediately suspend service if the user doesn’t pay money to a particular account. Still with us? Continue reading this as we will be discussing many more insights about the issue.
In this ongoing ComEd mobile scam, the fraudster is advising the user to utilise a mobile payment service like Cash App, Quick Pay, Venom, etc., to pay the requested amount. Since they frequently have more significant transaction limits, many times the con artist would falsely claim not to have received payment, causing the victim to send money twice or three times.
It is important to avoid such scams up until and unless the texts or calls do not provide any legitimate confirmation, since there are many that ultimately also lock up your prepaid card, such as Visa, etc.
Scammers usually demand immediate money through a third-party payment app, such as Cash App, Quick Pay, etc., or through a prepaid cash card, a cryptocurrency, etc.
Typically, fraudsters demand rapid payment and frequently inquire about your account number or other personal data, such as your licence number or bank details.
Wrapping up this post, we have discussed the online mobile scam that has been going on in the name of ComEd and how you can identify other online or mobile scams. For more information about ComEd, check out this link
So, did you find this article on Bank Mobile Alert Scam helpful? Share your thoughts in the comments.
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