That fraud alert on your phone? It could be part of the scam | Business

0
35

Most con artists are just rolling the dice, laying traps they hope unwary consumers will stumble into.

This one did his homework in targeting a specific victim — and made off with more than $10,000 from a Chase bank account.

The episode serves as a wake-up call for all of us to be very cautious when interacting with businesses, even when everything appears to be on the up and up.

It also once again raises questions about how adequately Chase protects its customers.

Denise Denton, 41, recently received a legitimate-looking fraud alert from Chase notifying her about a $505 purchase at Walmart. The text message asked her to confirm that the purchase was hers.

“I texted back to say I didn’t know anything about it,” the Texas resident told me. “Then, almost immediately, I got a call from a Chase customer service…

Read more…