CONSUMER ALERT: ComEd, Better Business Bureau Report Another Rise in Mobile Payment App Scams Following Summer Heat Wave ADMISSIONS

 CONSUMER ALERT: ComEd, Better Business Bureau Report Another Rise in Mobile Payment App Scams Following Summer Heat Wave ADMISSIONS

When temperatures rise or fall to extremes, and electricity use increases, ComEd and the Better Business Bureau (BBB) have observed scammers
taking advantage of these conditions to bilk customers out of their
hard-earned money.

In July 2022, following a stretch of extreme heat during the first five weeks of summer, ComEd received nearly 280 reports of scams from customers, which is significantly higher than the 80 reports received in July 2021. In
addition to the increase in reported incidents in July, the amount of
money customers reportedly lost to successful scams rose dramatically
to nearly $25,000. This compares to approximately $4,000 lost to
scams in July 2021.

“At ComEd, the safety and security of our customers is among our most-important goals. That is why we constantly monitor trends
and share what we learn to help individuals identify unscrupulous
activity,” said Melissa Washington, ComEd’s chief customer officer
and senior vice president of customer operations. “ComEd will
never call a customer and demand immediate payment – particularly
with a cash card, cryptocurrency or mobile payment app.”

Based on reported incidents, scammers contact ComEd customers
by phone, although some contacts can be made by text or email, demanding payment to a particular account under the threat
of immediate service disconnection. The imposter will instruct the
customer to use a mobile payment app, such as Cash App, QuickPay,
Venmo or Zelle, which often have higher transaction limits than prepaid
cash cards. In some instances, the scammer will falsely claim
not to have received a payment so the victim transfers money two or
three times.

“Our research shows scammers are more successful if they can scare victims or create a sense of urgency. Unfortunately, energy impostor scams have both of these traits,” said Steve J. Bernas, president and CEO of the Better Business Bureau serving Chicago and Northern Illinois. “The BBB hears from consumers and business owners who felt they need to act
fast, or their power would be cut. Scammers will demand payment
fast and, usually, tell their victims to send money in an unconventional
form of payment. We always urge people to contact the company directly to verify the call is real. Also, to help protect the community, we ask anyone who has been approached by a scammer to please report them to the BBB Scamtracker, even if they didn’t lose money.”

Tips to help identify scams
1. ComEd will never call or come to a customer’s home or
business to:

· Ask for direct payment with a prepaid cash card, cryptocurrency
such as Bitcoin, or third-party payment app like Cash App,
QuickPay, Venmo or Zelle.

· Demand immediate payment.

· Ask for a ComEd account number or other personal information,
such as a Social Security number, driver’s license number or bank information.

2.To identify an actual ComEd employee or communication,
remember:

· All ComEd field employees wear a uniform with the ComEd
logo and visibly display a company ID badge with the logo and
employee’s name. ComEd recently changed its logo, so you may
continue to see the former ComEd logo on uniforms, badges and
vehicles until it is phased out.

· Check the name on email or websites and make sure they
match the name and address of the company you do business with.
Look for misspellings or slight alterations.

· Make a call to verify the suspected email or website is from a trusted source. Use a phone number from your personal business records or the company’s official website and not the number provided in the email.

ComEd urges anyone who believes they have been a target or victim of a scam to call ComEd at 1-800-EDISON1 (1-800- 334-7661). To learn more visit ComEd.com/Scams.

Any customer experiencing a hardship or difficulty with their electric bill should call ComEd immediately at 1-800-334-7661 (1-800-EDISON1), Monday through Friday from 7 a.m. to 7 p.m. to determine which programs
may be available to help with past-due balances. For more information, visit ComEd.com/ PaymentAssistance

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