11/18/2024 | News release | Distributed by Public on 11/18/2024 13:15
Scammers are relentless when looking for ways to steal personal information, and you should be too when it comes to protecting it.
It's easy to let your guard down, that's why it's important to stay up to date on new and evolving scams. International Fraud Awareness Week, Nov. 17-23, is a good time to reflect on scammer tactics and steps you can take to thwart them.
"Fraud is a concern that affects everyone, including our customers," said Funmi Williamson, senior vice president and chief customer officer at Southern California Edison. "It's essential to stay vigilant and informed about how to protect your confidential information. Knowing what and who to trust is a key part of that."
This year, SCE has received 1,562 fraud complaints, resulting in $251,000 paid to fraudsters. Although no age group was spared, those ages 50 and under paid twice as much as people over 65.
SCE reminds customers to never share sensitive information unless they are certain of the recipient's legitimacy.
Scammers' schemes continue to change, and this year they set their sights on a new target. Twenty-one churches have contacted SCE to report hustlers requesting over $30,000. Of that, $6,000 was successfully stolen.
As part of the ruse, customers receive a fake past due bill alert requiring quick payment and threatening imminent disconnection. To pay that bill, they direct customers to a retail store and have the business scan a fraudulent barcode that sends money directly to the scammer.
In this scenario, it was churches, but this type of trick can be used against anyone. If something seems suspicious, it probably is. Remember, SCE will never ask for payments over the phone or in person and does not have a Disconnection Department.
While con artists are unwavering in their attempts to cheat people out of money, there does seem to be some good news on the fraudster front. Between 2022 and 2023, SCE has seen a 54% drop in fraudulent complaints and a 33% reduction in amounts paid so far this year compared to 2023. Based on data, SCE attributes the change to customers becoming better prepared to outsmart swindlers.
Things to keep in mind:
Tips to protect yourself:
Learn more on how to avoid scams and protect your account data.