Scammers use fake "renewal" notices for magazine subscriptions to bilk subscribers; others pose as the FTC: Internet ScamBusters™ #239
Before we get going, we wanted to thank everyone for all the great info that subscribers have been contributing about iPhone scams.
If you haven't yet checked out our page on iPhone scams, we recommend you do so now.
This is perhaps the fastest growing scam topic we've seen this year.
OK. It's time for another Snippets issue. Today, we'll cover two topics:
Avoiding fake renewal magazine subscriptions.
Spotting email scammers posing as the FTC.
As always, we also recommend you check out the most popular articles from our other sites during the past week:
Credit Cards that Put Consumers First: Find out which credit card companies are stepping up to the plate when it comes to good customer service.
How To Save Money The Smart Way: Find out when it's the right time to save money and when you should just walk away.
Car Buying Alert -- Dealers Are At It Again: New car buying tricks to watch out for this summer.
Can Credit Monitoring Services Really Prevent Identity Theft? Find out if it's worth using credit monitoring services to prevent identity theft from happening to you.
Let's check out today's Snippets...
Scammers Send Fake Renewal Notices for Magazine Subscriptions
Thanks to ScamBusters reader Bill for suggesting we write about a widespread, but under-publicized, scam. In a recent email, Bill wrote:
"I have recently noticed that I am receiving multiple renewal letters on the magazines I subscribe to. They are all very official looking, and all say 'Your subscription is about to expire' or have some kind of special renewal offer.
"There are multiple 'companies' doing this under the guise of publishing firms... If you don't keep a record of which [magazines] you have really renewed you can be bilked out of a lot of money..."
According to ConsumerAffairs.com, a number of scammers are sending magazine subscribers across the country VERY realistic-looking subscription renewal notices -- some of which offer deep discounts for re-subscribing by a certain date.
The logos, typefaces, print quality and paper stock used to create these phony renewal notices are so close to what the actual publishers use that few (if any) consumers can tell the real deal from the fakes.
But there's often one obvious tip-off: Some scammers offer ridiculously LOW renewal prices. One scammer requested just $5.00 to renew a yearly magazine subscription that cost many times that.
Not surprisingly, people who fall for this ruse don't receive renewed subscriptions and never see their money again.
Such scams operate under a variety of different company names, which makes it hard for law enforcement agencies to catch the culprits. According to ConsumerAffairs.com, "Sometimes the scammers pretend to be from a collection agency, collecting money on behalf of the magazine."
Naturally, legitimate magazine publishers aren't too happy about having their money siphoned off to scammers and getting unfairly blamed for the problem. Therefore, many recommend that readers follow these tips to avoid getting ripped off:
If you don't remember the renewal date of your magazine subscription (how many of us do?), check the renewal date on the mailing label of your magazine. Be VERY suspicious if you receive a renewal notice when your subscription isn't due to expire for quite some time!
(Unfortunately though, many magazines and newsletters do try to get you to renew early. So this isn't a foolproof red flag.)
Many magazines include a renewal notice in the final issue of your magazine, so you'll know it's genuine.
If you get a random renewal notice, compare the address on the form to the subscription mailing address in your magazine. The real mailing address is located on what's known as the "masthead" (usually on one of the first few pages), which also lists the publication's editors, reporters, etc. Don't send money to an address that doesn't match the one inside your magazine.
(Unfortunately though, some magazines and newsletters use a special PO box for their renewals. So again, this isn't a foolproof red flag. If in doubt, see the next tip...)
Contact the magazine publisher directly if you have any doubts or questions.
As you can see, this is a reasonably easy scam to avoid, as long as you're aware of what the thieves are up to.
Fake Email from the FTC Contains Spyware
A recent article in ConsumerAffairs.com reports that people, including corporate and banking executives, have become targets of "bogus emails supposedly sent by the Federal Trade Commission, but actually sent by third parties hoping to install spyware on [the victims'] computers."
The fake emails acknowledge a complaint supposedly filed by the recipient, and include an attachment. Anyone opening this attachment will unleash malicious spyware.
The phony email is personalized, containing your name and (when appropriate) the name of your business. The message reads "Attached you will find a copy of your complaint. Please print a hard copy of the complaint for your records in the upcoming investigation."
DO NOT open the attachment: it contains the spyware.
The FTC is warning consumers who receive this email to do the following:
Don't open the attachment.
Delete the email.
Empty the deleted items folder.
If you're a regular ScamBusters reader, the above advice isn't new to you. But scammers are getting more clever every day, so it pays to be aware of their latest schemes. Once in a while, we all let our guard down if we don't know what to look for.
For more information on recent scams, visit our back Issues page.
That's all for today -- we'll see you next week.