ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 





























 
Scam switches your bank deposit to a con artist's account

Hoax letters and calls are targeting Kentuckians' Social Security and veteran benefits

By Terry Sebastian/Crystal Staley

Frankfort, KY - Attorney General Andy Beshear is warning senior citizens and military veterans to be wary of a new scam that attempts to switch their monthly bank deposit to a con artist's bank account.

The scam begins by someone pretending to be an employee of a bank, the Social Security Administration or a veteran organization, and claims the victim's benefit deposit must be 'reverified' following 'suspicious activity.' Once the victim provides their personal, banking and account login information, the scammer has what they need to steal the victim's identity and make unauthorized direct deposit changes.


"Con artists will stop at nothing to steal, including targeting seniors who rely on their benefits as a large portion of their income after retirement," said Beshear. "Thanks to those making reports to our office, we know that this scam is trending in the state and it is especially critical that Kentuckians validate any benefit changes directly with the legitimate organization."

Beshear's office has recently received reports from seniors and veterans in Edmonson, Fayette, Jefferson and Spencer counties who say scammers tried to steal their monthly Social Security or veteran benefit.

Beshear's office indicates identity thieves and mobile deposit scams are increasing as online banking advances allow Kentuckians to change their own mobile deposit routing information online or through smartphone apps.

The availability of mobile deposits can also result in con artists targeting unsuspecting victims to transfer money to the scammer using pre-paid credit and gift cards, which are most difficult to trace.

Kentuckians can avoid many scams by following these essential steps:
  1. Do not respond to unknown callers. If you did not initiate contact with the Social Security Administration or the Veterans Benefits Administration, and are randomly contacted by them - it is most likely a scam.

  2. Never provide your personal, financial or account login information to unknown, unverified people. Always contact the legitimate agency independently before any transaction.

  3. Protect your computer and banking data by using security software, firewalls and keep security patches and passwords up to date.

Since taking office, Beshear has been working to protect Kentucky families from scams by issuing an alert when new and trending scams are reported in the Commonwealth.

Beshear recommends all Kentuckians stay ahead of scammers by signing up for his office's Scam Alerts. To enroll text the words KYOAG Scam to GOV-311 (468-311) or online at ag.ky.gov/scams and select text message or email alert.

Beshear has conducted outreach and education programs in more than 180 locations throughout the state to better protect the senior and veteran population, which are often targeted by con artists.

Earlier this year, Beshear joined with AARP Kentucky to launch Mission Veterans Protected (MVP), an outreach program that helps Kentucky's veteran community combat the findings in an AARP studywhere veterans were found to be twice as likely to fall victim to fraud when compared to nonveterans. The MVP website has a complete list of the top-10 scams that most frequently target veterans and tips on how to avoid falling victim.

Beshear encourages Kentuckians to report scams and identity theft via his office's online form.


This story was posted on 2018-09-30 10:26:10
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.



 




























 
 
Quick Links to Popular Features


Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com.

 

Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia! Magazine and D'Zine, Ltd. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.