Triangulation fraud is a sneaky scam that can catch unsuspecting online shoppers off guard. It involves a scammer creating a fake listing for a popular product at a significantly lower price than usual. The scammer then uses stolen payment information to purchase the product from a legitimate seller, who ends up facing chargebacks and other financial losses.
To protect yourself from falling victim to triangulation fraud, it’s important to be cautious of deals that seem too good to be true. Always compare prices across different platforms and check the sender’s address on packages to ensure they are from the actual seller. Using secure payment methods like credit cards and PayPal can also provide added protection.
If you do find yourself a victim of triangulation fraud, there are steps you can take to address the situation. Contact the police to press charges, inform the legitimate seller about the fraud, report it to Amazon, and reach out to your payment service provider for refunds on any fraudulent charges.
By staying vigilant and following these steps, you can protect yourself from falling prey to triangular fraud and ensure that scammers don’t get away with their deceptive schemes. Remember to always be cautious when shopping online and prioritize your online security to avoid becoming a victim of fraud.
