Employment Scams Were the Riskiest Scams in 2018

Employment scams were the riskiest scams in 2018, according to the latest report from the Better Business Bureau, Tech-Savvy Scammers Work to Con More Victims: 2018 BBB Scam Tracker Risk Report (BBB.org/RiskReport). Employment scams had more instances and higher losses than in previous years when it ranked the third riskiest. The report is based on data supplied by consumers to BBB Scam TrackerSM (BBB.org/ScamTracker) and is based on the BBB Risk Index, a unique algorithm that calculates exposure, susceptibility, and monetary loss to offer a more accurate assessment of scam risk.

Other powerful findings of the study are that scam reports continue to increase, and likely because of  the internet and social media, the probability of victims falling for a scam they are exposed to, has skyrocketed by over 87%. In fact, of victims losing money in scams, internet scams make up more that 20% of all scams

Another major finding, for the first-time websites have taken over the #1 position as a means of contact for scammer at 25%, followed by social media.

Surprisingly, the top age groups losing money to scams are 18-24, then 25-45, followed by 35-44, and finally Baby Boomers and Senior Citizens being the least likely age groups to be victimized.

The ten riskiest scams of nationwide were: employment, online purchase, fake checks/money orders, home improvement, advance fee loans, romance, tech support, investment, travel/vacation, and government grant.

“This scam being number one was a surprise,” said Steve J. Bernas, president and CEO of the Better Business Bureau serving Chicago and Northern Illinois.  “It’s the first time since publishing this report three years ago that one scam dominated across so many demographic subgroups. It was the riskiest scam in three of the six age groups, and for both men and women. It was also the riskiest scam for military families and veterans, and students.”

Digging into the Risk Report shows one possible answer: Amazon was in the news a lot in 2018 with its high-profile search for a second headquarters. It was also the 6th most impersonated organization mentioned in BBB Scam Tracker reports, after not even making the top 15 in previous years. In 2017, only 24 BBB Scam Tracker reports were employment scams that mentioned Amazon. In 2018, that jumped to 564.

“Scammers are opportunists,” says Bernas. “Whatever is in the news or being talked about on social media, they see as an opening to imposter a recognizable and respected organization or brand.” The Internal Revenue Service is the leading impersonated organization, and other government agencies together rank second. Other leading brands that scammers impersonate include Publishers Clearing House, Microsoft, Apple… and the Better Business Bureau.

Amazon, a BBB Accredited Business, has only one authorized job application site: amazon.jobs. Any other link is a scam, said Bernas. “This is especially relevant for the Chicago area, since Amazon indicated it would be expanding its existing office in Chicago.”

“Employment scams are particularly egregious because they prey on people who are already feeling pinched and may be desperate for work,” he said. “If the scam gets far enough, scammers collect the same information that real employers do – address, birth date, Social Security number, bank account – everything needed for identity theft.”


For more highlights from Tech-Savvy Scammers Work to Con More Victims: 2018 BBB Scam Tracker Risk Report, download the infographic at BBB.org/Risk Report .

For the full report, go to BBB.org/RiskReport.

To report a scam, go to BBB.org/ScamTracker.