New scam hitting digital wallets, how to protect yourself before it's too late

Technology is making our lives more convenient especially when it comes to sending and receiving money. However, these easy apps may increase your chances of scams.

Posted: Sep 8, 2020 7:24 AM
Updated: Sep 8, 2020 8:05 AM

TERRE HAUTE, Ind. (WTHI)- Technology is making our lives more convenient especially when it comes to sending and receiving money.

However, these easy apps may increase your chances of scams.

Local law enforcement recently announced an increase in scams on apps like Venmo and Paypal.

We first received word of the scam through the Martin County Sheriff's Department.

Sgt. Matt Ames with Indiana State Police tells us it's an issue that happens far too often.

"People are so trustworthy now and these scammers know how to manipulate the good citizens out here and what they're doing is making them feel trusted and then all of a sudden you're transferring money to them and once you start transferring money to them all of a sudden your money is gone," said Ames.

Here's how it works.

You'll get a message in your digital wallet app. It'll say something like "Oops! can you send that money back?"

Then, in your account you'll notice hundreds of dollars coming in from an unknown account.

Scammers are using stolen credit cards to send you this money.

If you send the money back, they will delete the stolen card and add their own card in its place collecting the money without a trace.

There are ways to avoid these scams and pick up on the red flags.

  • Never take money from an unknown source. If someone unfamiliar sends you money, send it back. If they refuse, it's likely a scam.
  • Add additional protection to your account using a pin or two-step verification method.
  • Stay aware of your transactions and report anything suspicious to local law enforcement.

"Be vigilant about yourself, your person, and your family. If something is going on and it just doesn't seem right, more than likely it's not right and you need to be backing out of that system that you're in or just deleting it totally off of your phone," said Ames.

If something feels off, trust your gut and report it to the police so that they can further investigate.

Terre Haute
Clear
79° wxIcon
Hi: 79° Lo: 52°
Feels Like: 79°
Robinson
Clear
77° wxIcon
Hi: 77° Lo: 50°
Feels Like: 78°
Indianapolis
Few Clouds
77° wxIcon
Hi: 77° Lo: 55°
Feels Like: 78°
Rockville
Clear
76° wxIcon
Hi: 78° Lo: 53°
Feels Like: 78°
Casey
Clear
77° wxIcon
Hi: 77° Lo: 53°
Feels Like: 78°
Brazil
Clear
79° wxIcon
Hi: 78° Lo: 53°
Feels Like: 79°
Marshall
Clear
79° wxIcon
Hi: 79° Lo: 52°
Feels Like: 79°
A Pleasant Overnight
WTHI Planner
WTHI Temps
WTHI Radar

WTHI Events

 

Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Confirmed Cases: 281303

Reported Deaths: 8744
CountyConfirmedDeaths
Cook1406235180
DuPage16955551
Lake16545486
Will13612374
Kane12790325
St. Clair6386187
Winnebago5531149
Madison5463131
Champaign447220
McHenry4463118
Peoria331449
McLean320020
Rock Island286974
Kankakee267677
Sangamon229044
Unassigned2238236
Kendall194725
Tazewell165721
LaSalle164056
DeKalb148438
Macon143642
Coles139630
Williamson135139
Jackson124824
Clinton108820
Boone107423
Adams103210
Randolph92611
Effingham8361
Whiteside70220
Ogle6516
Vermilion6484
Grundy6455
Monroe63915
Henry6365
Morgan62823
Knox6273
Bureau59711
Jefferson57238
Marion5180
Macoupin5157
Union50724
Franklin5053
Stephenson4846
Christian46011
McDonough45915
Logan4401
Woodford4086
Crawford4002
Cass38911
Jersey38514
Fayette3733
Shelby3604
Iroquois35919
Livingston3486
Lee3471
Perry34215
Montgomery33913
Warren3142
Saline2993
Bond2964
Douglas2857
Wayne2565
Lawrence2512
Jo Daviess2462
Carroll2174
Greene2167
Moultrie2083
Jasper2029
Cumberland2014
Hancock1993
Washington1981
Richland1714
Pulaski1611
White1610
Clark1542
Fulton1530
Johnson1480
Wabash1471
Clay1420
Piatt1320
Mason1291
Mercer1295
Menard1200
Pike1131
Edgar1117
De Witt1041
Ford995
Marshall980
Massac972
Scott750
Alexander731
Gallatin692
Hamilton670
Edwards640
Henderson640
Putnam550
Stark532
Calhoun470
Schuyler460
Brown430
Hardin370
Pope261
Out of IL20

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Confirmed Cases: 113337

Reported Deaths: 3530
CountyConfirmedDeaths
Marion20936761
Lake10334319
Elkhart6438109
St. Joseph6226103
Allen6060200
Hamilton4761109
Vanderburgh349430
Hendricks2681122
Monroe251236
Tippecanoe231213
Johnson2279123
Clark215756
Porter209046
Cass19339
Delaware189561
Vigo178524
Madison161075
LaPorte138239
Floyd132161
Howard129063
Warrick122336
Kosciusko120617
Bartholomew115357
Marshall99424
Dubois95918
Boone95646
Hancock91443
Grant89733
Noble89432
Henry78125
Wayne74714
Jackson7429
Morgan70638
Shelby66629
Daviess65428
Dearborn63928
LaGrange63211
Clinton59513
Harrison56424
Putnam53810
Lawrence50628
Montgomery50521
Knox5039
Gibson4894
White48214
DeKalb46311
Decatur45739
Miami4303
Greene41935
Fayette41813
Jasper3862
Steuben3747
Scott35910
Sullivan33112
Jennings31212
Posey3090
Franklin30325
Clay2985
Orange28624
Ripley2828
Carroll27113
Wabash2628
Washington2611
Whitley2556
Starke2537
Adams2523
Wells2503
Jefferson2443
Fulton2352
Huntington2223
Spencer2223
Tipton22022
Perry21513
Randolph2097
Jay1750
Newton17211
Owen1671
Martin1640
Rush1534
Pike1411
Vermillion1260
Fountain1202
Pulaski1151
Blackford1133
Brown1033
Crawford1030
Parke961
Benton880
Ohio777
Union770
Switzerland690
Warren391
Unassigned0225