Wednesday January 06, 2016

ID Thieves Hijacking Accounts To Cash In On Bogus Warranties

You'd think it would be easy to bust criminals pulling scams like this. The warranty replacement has to be shipped to a physical address (house, apartment or P.C. box), why not start looking for the crooks there?

In a pre-online era, when we made most purchases in person, getting a warranty replacement on a broken product often required taking the defective item back to where you bought it. But now that we’re all buying things online, a number of retailers are willing to ship you a replacement on the understanding that you’ll immediately return the original item. ID thieves are taking advantage of this goodwill, hijacking customers’ accounts and convincing companies to send them free replacements for items they never bought.

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