Scammers send calls, text messages or emails that appear to originate from SSA representatives, saying they “must apply” for cost of living adjustments, BBB said.
Maine, USA — The Better Business Bureau (BBB) is warning all Social Security recipients about scammers who are using the historic cost of living to steal your personal information.
Due to inflation, the Social Security Administration (SSA) has approved the Cost of Living Adjustment (COLA) for Social Security Benefits and Supplemental Security Income (SSI) recipients at an 8.7% increase, the highest in over 40 years.
According to a news release from the BBB on Saturday, the BBB claims that scammers are taking advantage of this.
Scammers send phone calls, text messages or emails that appear to originate from Social Security Administration officials telling them they “must apply” for a cost of living increase, the BBB said. I’m here.
Scammers then ask you to verify personal information such as your name, address, social security number, and banking information.
You may also be asked to visit websites that ask you to enter personal information.
According to BBB, here’s how to avoid scams:
- SSA cost of living increases are automatic. You don’t have to do anything to receive your increased benefits.
- SSA will contact you by email as follows: According to SSA, “If you have a problem with your social security number, we will mail you a letter.”
- SSA does not threaten recipients. SSA will never threaten you with arrest or legal action. We also do not suspend social security numbers or require payment.
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