From the Better Business Bureau:
Employment scams are on the rise in the turbulent job market created by the COVID-19 pandemic, a new Better Business Bureau study finds.
BBB warns job seekers to verify employment offers to avoid illegal jobs, identity theft and fake checks to which millions are exposed annually.
The in-depth investigative study — Job Scams: BBB study finds job scams increased during pandemic, warns job seekers to verify employment offers to avoid illegal jobs, identity theft and fake checks — details the many forms employment fraud takes and the scams that often result.
Job scams have been a problem for years. In 2020, BBB estimated 14 million victims with $2 billion in direct losses related to job scams. Last year, the 2020 BBB Employment Scams Report by BBB Institute for Marketplace Trust found job scams to be the riskiest of all the scams they tracked in 2018 and 2019.
However, BBB’s study finds that the problem worsened in 2020. Losses reported to the FBI’s Internet Crime Complaint Center (IC3) about employment scams were up 27 percent between 2018 and 2020 BBB Institute’s 2020 report on job scams found that this fraud most commonly victimized people ages 25-34, with women filing 67 percent of complaints about this fraud. The median financial loss reported by these victims was $1,000; in addition, they often reported loss of their time, as 32 percent were never paid for the work they did for an…