ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Scammers Impersonate as Geek Squad and Target Unsuspecting Customers, Best Buy Issues Warning

The Federal Trade Commission alerts consumers to fraudulent communications demanding hundreds for Geek Squad membership renewal.
PUBLISHED NOV 13, 2023
A Best Buy store is seen in Chicago, Illinois | Getty Images | Photo by Scott Olson
A Best Buy store is seen in Chicago, Illinois | Getty Images | Photo by Scott Olson

Best Buy customers face a new threat as scammers impersonate Geek Squad, the tech-support arm of the retail giant. Recognizing the red flags and promptly reporting scams are crucial steps to thwart fraud. Best Buy, in collaboration with authorities, continues efforts to safeguard customers against these deceptive practices, per USA Today.

A sign marks the location of a Best Buy store | Getty Images | Photo by Scott Olson
A sign marks the location of a Best Buy store | Getty Images | Photo by Scott Olson

Scammers are on the prowl, posing as Geek Squad members and duping unsuspecting Best Buy customers. The Federal Trade Commission (FTC) issued a warning cautioning consumers about fraudulent text and email communications. Victims receive notifications claiming they owe hundreds of dollars for Geek Squad membership renewal and are instructed to call a provided number within 24 hours to dispute the charge or cancel their membership.



 

Gift card fraud scams: Scammers employ a sophisticated method involving a conference call, gift card balance checking, and dual-tone multifrequency decoding. The result? Draining money from unsuspecting customers' gift cards.

Tech support scams: Impersonating Geek Squad, scammers reach out through phone calls, emails, texts, or pop-up windows, alleging computer infections and tricking users into granting access. This provides scammers with full access to personal information.

Phishing, smishing, and vishing: Utilizing email (phishing), text messages (smishing), or voice calls (vishing), scammers aim to extract personal information, passwords, or financial details.

Unexpected calls: Best Buy emphasizes skepticism towards unexpected calls claiming affiliation with Best Buy or Geek Squad. Legitimate calls are not unsolicited.

Gift card precautions: Best Buy warns against using gift cards for payments outside the store or website. Reduce the risk by adhering to store-specific usage and lowered purchase limits.

Calls instructing to call: If prompted by a text or email to call a number, exercise caution. Scammers exploit this tactic to acquire personal information.

Bank account requests: Scammers may seek bank account information for a supposed refund followed by a fake transaction. They then coerce victims to buy gift cards for repayment.

A salesman carries a Best Buy shopping basket as he takes inventory | Getty Images | Photo by Justin Sullivan
A salesman carries a Best Buy shopping basket as he takes inventory | Getty Images | Photo by Justin Sullivan

Immediate actions: If personal information is compromised, change passwords and contact the bank to halt unauthorized transactions.

Contact Best Buy directly: Reach out directly to Best Buy through official channels avoiding contact with numbers provided in suspicious messages.

Local Authorities: Report scams to your local police department for swift action.

FTC: Utilize the Federal Trade Commission's reporting platform at reportfraud.ftc.gov to document the incident.

FBI Internet Crime Complaint Center: For more severe cybercrimes, submit a complaint to the FBI Internet Crime Complaint Center at ic3.gov.

Stay informed, stay cautious, and protect yourself from the Geek Squad impersonation scam.

MORE ON MARKET REALIST
An underlying stock rotation has triggered a potential countdown to a crash.
12 hours ago
Harvey couldn't pass up the opportunity to take a jab at J-Lo's relationship status
17 hours ago
While the president championed his policies, the ground reality tells a woeful tale.
17 hours ago
Companies will be in no rush to reduce prices as trade uncertainty continues, the bank noted.
1 day ago
Trump threatened to use different laws to punish countries that back away from negotiated deals.
1 day ago
Despite his experience, Harvey didn't know much about the prep that goes into competing on the show
1 day ago
With slacking consumer spending and the 43-day shutdown, the GDP grew by just 1.4%.
4 days ago
Economist Joseph Stiglitz claimed no policy was helping boost blue-collar jobs amid automation.
4 days ago
Turns out a hug from James O'Halloran was worth more than the cash for Nikki.
4 days ago
Although the player was off in her guess by nearly $10, she had a buffer to work with.
4 days ago
Harvey was excited to learn how Amrett impressed his dates.
4 days ago
Sen. Sanders called out the “greed” and “arrogance” of California's richest in his latest speech.
5 days ago
The guest who wasn't even a fan of Dolphins, owned one of the most important souvenirs of the team.
5 days ago
The mayor and the DCWP has sent out warning notices to 187 big-name gyms and health clubs
5 days ago
The new rule proposed by the VA allegedly changed the basis of determining the benefits.
5 days ago
The guest admitted that she will be "very careful" with the watch once she got home.
6 days ago
New Zealand eased restrictions for its golden visa and Americans are dominating the applications
6 days ago
ZOA Energy agreed to settle a case alleging it misled customers with its zero preservatives claim
6 days ago
Despite being bald, Harvey knew some of the answers didn't make sense.
6 days ago
Yang claims if one company cuts workers, it will turn into a competition which will be devastating.
7 days ago