Maybe, we should all just quit trying to be so darn friendly.
Too many scams, after all, are built around the notion that many of us want to play nice and believe that most people are good souls. If they say they need help, well, they probably need help. The hard truth is that scammers simply want to help themselves to our money.
"We want to believe the best about people," said Lisa Plaggemier, executive director of the National Cybersecurity Alliance, a nonprofit that raises awareness about fraud.
"When somebody comes to us with a little bit of a sob story, like 'Oh, can I borrow your phone? I lost my phone,' or whatever it is," Plaggemier said, "unless you're a security person like me, you're not immediately thinking of a potential scam."
And yet, here are two scenarios where how willingness to do the right thing could be exactly the wrong thing to do:
Why scammers want to borrow your phone
The "Can I borrow your phone?" scam: Maybe a 16-year-old approaches you at the mall, grocery store, or even an outdoor festival and wants to call Mom to get a ride home. Or maybe, someone's car broke down. Surely, nothing bad could happen, right? Wrong.
The phone in your purse or pocket isn't just a phone. It's often a digital wallet filled stuffed with apps that the crooks can use to steal hundreds or thousands of dollars. The crooks aren't dialing Mom; they're dialing for dollars.
"Really, what they're doing is getting into your peer-to-peer app and transferring your money out of the app into theirs," said Amy Nofziger, director of victim support for the AARP Fraud Watch Network.
The consumer ends up being vulnerable to what some cleverly call "virtual pickpocketing."
The stranger is able to stealthily hit the payment app on your phone, Nofziger said, and if you don't have it logged out, they're able to hit the "pay" button and easily transfer $150 or $200 or more to the crook's account. Your money is gone.
It looks like the stranger is making a phone call but they're putting in another number to transfer the cash.
When you good-heartedly say OK and hand your phone to a stranger, you're enabling the stranger who wants to use your phone to steal personal information or money right off your phone.
Best bet: "Do nothand over your phone to strangers, as they could make financial transfers using your payment apps and accounts," according to an alert by the American Bankers Association Foundation.
You can offer to call a stranger's family member and keep that phone on speaker, instead of handing over a phone. Always make sure to log out of your cash transfer or payment apps and other financial apps after you're done.
Why a scammer 'accidentally' sends you cash
The "I accidentally sent you $300" scam: Maybe you get an email or message from someone who claims they made a typo and sent you money via Venmo or another payment app by accident. And the person asks: "Would you please send back my money quickly so I can pay my bills?"
Sort of seems reasonable. You don't want to keep money that isn't yours. Again, what could go wrong? Plenty.
Scammers are using "accidental deposits" or "misdirected payments" in a fairly elaborate scheme to steal cash. Some consumers have complained to the AARP Fraud Watch Network Helpline about such scams already, according to AARP's Nofziger. She recommends that consumers verify first by using a customer support contact that you have obtained on your own before automatically trusting anyone.
In late May, Michigan Attorney General Dana Nessel issued an alert to a "nationwide Venmo scam."
Nessel's advice: Never send back any money if someone said they've overpaid you for a purchase or made a typo when trying to move money via a cash app for another reason. Instead, first contact the payment app about the possible error.
The accidental deposit scam isn't generating lots of buzz right now, but it's a scam that could build in the future. More often than not now, we're seeing reports where crooks steal tens of thousands of dollars at once, like with a tech scam or a romance scam.
Multimillion-dollar cryptocurrency investment scams are grabbing headlines, including one in May when two Chinese nationals were arrested by U.S. authorities on suspicion they laundering $73 million through shell companies tied to these elaborate investment scams.
The schemes, which are dubbed "pig butchering," take several months to unfold. Scammers meet their victims on dating apps or even start a friendship after sending what seems to be an accidental wrong number. (Ever get what seems like the wrong text, say to confirm a lunch or vet appointment? Don't answer it.)
The scammer gains your trust over time and might invest many months impersonating a friend or a love interest to ultimately encourage you to invest thousands of dollars in a cryptocurrency scam where you lose much or all of your life savings.
By nature, Plaggemier said, accidental payment scams would involve far less money but trigger a far quicker payoff for scammers.
Think about it, Plaggemier said, consumers would initially be far more suspicious if a stranger suddenly messaged them out of the blue and said they accidentally deposited $20,000 into the consumer's cash app. Maybe, you might believe someone made a mistake with $200 or $400. But $20,000?
"They're just doing what works," Plaggemier said, noting that criminal organizations overseas can alter their schemes quickly and they will work with a variety of scams.
Increasingly, she said, consumers must take more steps to protect themselves such as completing multifactor authentication to add an additional layer of security when signing into a payment app. Keep your computer software up to date with the latest security patches and updates. Use strong passwords are at least 12 characters long and include letters, numbers and symbols.
The crooks know how to develop believable backstories, take advantage of human nature and, perhaps, our lack of knowledge on how things like payment apps work.
"People have to remember these things are like cash," Plaggemier said.
Criminals can try to scam you into sending them money via a payment app — or they can steal it directly.
As part of the accidental deposit scam, the crook will create a fake profile on a payment app like Zelle, Cash App, or Venmo, and tie a stolen credit card to it.
The crook then sends some cash to a random victim. The credit card company sees this as a payment to PayPal, which owns Venmo, not as a payment to an individual consumer, experts say, and it goes through to show extra cash in your account.
The problem is the random $200 or $300 that arrives in your account actually is stolen cash from a hacked credit card or bank account.
If you send any money back, ultimately the money you sent is just a transfer of cash from your account to the thief.
Not surprisingly, the thief is going to immediately withdraw whatever money you sent. And then, the crook will quickly close their Venmo or other peer-to-peer payment account.
Down the line, experts say, the credit card will discover the fraud and initiate a "charge back" against PayPal. The original transaction involving the stolen card is reversed but the victim has already paid the thief — and the victim isn't likely to get any money back.
Peer-to-peer transfers appear almost instantly. But it takes more time for banks to catch scammers who are using stolen credit cards or bank accounts.
Verify first, before you trust someone
Venmo recommends that you contact its Customer Support service team directly if there's a questionable deposit. Don't engage with a scammer. You might even need to confirm first that a "friend" sent you cash, as Venmo notes "bad actors may attempt to replicate a profile picture to impersonate your friend on Venmo."
The American Bankers Association Foundation agrees and advises that you contact the peer-to-peer service about the error. "If you send money back to the scammer, the peer-to-peer service could take funds out of your account or hold you responsible," the ABA Foundation's alert noted.
For the scam to work, the crook needs to create some story about a contrived emergency to convince you to move quickly while you might still believe the stranger's money has been transferred to your account.
It's best not to even engage with these alarming messages. Cybersecurity experts say the scammers in many cases can become increasingly aggressive with demands for you to "return" their money.
"They might call you names and tell you stories about how they are short on rent or have kids depending on them," according to the alert from the National Cybersecurity Alliance. "They might try to get you to call or text them so they can explain themselves."
Do not respond at all. Notify your payment app. But don't help a stranger get their hands on your money.
Contactpersonal finance columnist Susan Tompor:stompor@freepress.com.Follow her on X (Twitter)@tompor.
