Bitcoin ATM Payment Scams: How to Identify Fake Bank Texts & Protect Yourself

2 min read

Got a text from your bank seeking a Bitcoin ATM payment? It's a scam

How to Protect Yourself from Online Scams and Fraud

In light of increasing reports of scams, Pueblo law enforcement is advising residents on how to safeguard themselves against online fraud involving Bitcoin ATMs and deceptive delivery texts. These scams often involve fraudsters posing as legitimate institutions, requesting sensitive information or payments. Authorities stress the importance of being vigilant and not sharing personal data through phone calls, emails, or texts.

Pueblo Officials Warn About Bitcoin ATM Scams

Pueblo authorities are cautioning citizens about a new type of scam targeting individuals through phone calls. The Pueblo County Sheriff’s Office recently warned that scammers are impersonating bank representatives and demanding payments to be made at Bitcoin ATMs. In some instances, these con artists have claimed that the victim’s computer was involved in illegal activities, such as viewing child pornography, to instigate fear and urgency. The Sheriff’s Office clarified that no reputable bank would ever request payment in this manner, urging residents to remain skeptical of such calls.

Guidelines for Avoiding Scam Victimization

To prevent falling prey to these scams, officials recommend that individuals refrain from sharing any personal or financial details over the phone. If approached for a financial transaction, it’s advisable to hang up and directly contact the relevant institution to confirm the call’s authenticity. Those who believe they may have inadvertently revealed sensitive information should immediately notify their bank or financial service provider.

UPS Delivery Scams Targeting Residents

The Pueblo Police Department issued a similar alert regarding a different scam involving text messages that falsely claim to be from UPS. These texts inform recipients that a delivery attempt was made without obtaining a signature and include links for rescheduling. UPS has stated that these communications are not authorized and may lead to malware or fraudulent websites. Residents are encouraged to exercise caution and remain skeptical of unsolicited messages.

Recognizing Legitimate Requests for Information

In a social media update, Pueblo police advised the public to pause and think before providing personal details when approached by phone, email, or text. They emphasized that legitimate organizations will not request sensitive information in this manner. This caution aligns with warnings from the Colorado DMV, which alerted residents to a text scam claiming outstanding tickets with threats of severe consequences for non-payment. The DMV reminded the public that they do not initiate contact regarding payments through unsolicited messages.

Reporting Fraudulent Communications

Anyone receiving suspicious messages is encouraged to report them to the FBI’s Internet Crime Complaint Center or the Federal Trade Commission. When reporting, individuals should provide as much detail as possible, including contact information from the sender and any associated websites.

Additional Strategies to Prevent Fraud

The U.S. Consumer Financial Protection Bureau offers several recommendations to help individuals protect themselves from fraud. Key tips include: safeguarding passwords for accounts and credit cards, avoiding upfront payments for prizes, taking time to compare offers after sales pitches, and being cautious of deals that pressure for immediate action. If something seems too good to be true, it likely is. Additionally, individuals should avoid clicking on unfamiliar links or scanning QR codes and can register their phone numbers on the national Do Not Call Registry to reduce unwanted solicitations.

Stay Informed on Public Safety

Residents are reminded to stay vigilant and informed about public safety issues, including recent updates from local law enforcement.