cash delivery Scams
Cash delivery scams occur when scammers impersonate high-ranking business executives, first responders, or service providers to trick employees into delivering cash or depositing money into a Bitcoin ATM. The scam typically involves a phone call where the impersonator urgently requests the employee to send money for reasons such as emergency business needs, a supposed law enforcement investigation, or a delivery service. The employee is manipulated through tactics like authority, urgency, or fear, and is coerced into acting quickly without verifying the request. Once the money is handed over or deposited into the Bitcoin ATM, it is often untraceable, and the business is left with significant financial loss.
Red Flags of Cash Delivery Scams
Unverified Authority
The scammer claims to be a high-ranking official, such as a CEO, first responders, or delivery service without providing any verifiable proof of their identity or authority.
Unusual or Unexpected Request
The employee receives an unexpected request for money, especially if it deviates from regular business procedures or involves a large sum.
Urgent or Pressure Tactics
The scammer demands immediate action, creating a sense of urgency that pressures the employee into making a hasty decision without verifying the request.