Insurance Perspectives


“An increasing number of consumers are expected to shop online this holiday season because of the pandemic,” said Secretary of Banking and Securities Richard Vague. “Scam artists will look to take advantage of this fact and use every tactic available to try and obtain your sensitive financial information for nefarious purposes.” The PSP works closely with local, state and federal law enforcement partners to investigate fraud and scams. Scam and fraud activity also tend to increase during times of tragedy or emergency, making it dually important for consumers to be vigilant this year.  “Scammers are especially active during the holidays, as spending, online shopping, and charitable giving increase,” said Colonel Robert Evanchick, commissioner of the Pennsylvania State Police. “Their tactics evolve with technology, but several of the most prevalent scams have existed for decades. These sophisticated criminals can steal thousands of dollars from hundreds of miles away, so we urge everyone to remain vigilant and to know the warning signs.” Three common scams to look out for this year include: Phishing E-mail Scams. Phishing e-mails are a common tactic used by scammers to get sensitive information. Sophisticated techniques include replicating merchant email templates with harmful links designed to obtain usernames and passwords and potentially sensitive financial information. Skimming and E-skimming browse around this web-site Device Scams. Skimming devices capture the information from the black magnetic strip on debit or credit cards at the point of sale device or ATM machine. Last year, criminals infected a merchant’s Web site with a digital version of the same technology. Gift Card Fraud. Scammers use a computer program or “bot” to test millions of random combinations of numbers and pins at retailer Web sites. Once they find a combination that works, they use all the funds available to make purchases, or sell the information on the dark web. When the real owner of the card tries to use it to make the legitimate purchase, they find there are no funds available on the card. [Traffic]