Posts Tagged "deception"
April 12, 2022
How Scammers Use Emotions to Persuade
It’s an implausible ruse. Yet we are all human, and many people are taken in by it.
In the Social Security imposter scam, someone claiming to be from the agency tells the intended victim that he has been accused of a crime and that his bank account will be frozen. To prevent arrest and preserve the money, the individual is instructed to withdraw the funds and buy gift cards or exchange the cash for virtual currency such as Bitcoin. A government official, the caller claims, will return the funds tomorrow.
More than 300,000 people lost millions of dollars in this scam between 2018 and 2021. At a broader level, imposters purporting to be from various government agencies were the most common fraud reported in 2019 to the Federal Trade Commission (FTC), which tracks and investigates cases of consumer fraud.
A new study found that young adults in their 30s, and also minorities, were more likely than other groups to report being victimized by the Social Security imposter scam. But the victims who are over 70 lost significantly more money, on average. The typical loss among victims of all kinds was $1,500.
More interesting is what the researchers uncovered about how someone becomes ensnared in such an outlandish scheme. The insights came from victims’ first-hand accounts in 600 FTC complaints, as well as an involved process of coding the narratives in some 200,000 complaints to find the emotional words the victims used that would identify larger themes about the Social Security imposters’ methods of persuasion.
High emotional arousal “is an extremely effective tool” that overwhelms victims’ ability to process information rationally, the researchers concluded.
The victims’ accounts reveal a trove of psychological manipulation by the Social Security imposters to elicit anxiety and other negative emotions. Some imposters threatened to harm the victims or their families. In half of the complaints the researchers scrutinized, victims were threatened with arrest. …Learn More