Increase in Scams on OfferUp Marketplace Requires User Vigilance
Fraudulent activities on OfferUp are on the rise as the platform’s user base grows, prompting warnings about various scams targeting buyers and sellers. Users must be on high alert to avoid falling victim to these deceptive schemes.
OfferUp, a well-established marketplace app in the U.S., processes over 30 million transactions annually. However, this popularity has attracted scammers employing tactics that exploit users. Frequently seen scams include counterfeit items where sellers push for third-party payments to bypass the app’s Purchase Protection. Payment scams often involve buyers or sellers manipulating users into refunding fraudulent amounts, or requesting payments via gift cards with no actual value. Another significant threat is account takeover, where scammers deceive users into sharing verification codes, granting access to their accounts. Other common scams include empty box fraud, phishing attempts through dubious links, and deposit scams involving nonexistent items.
Users are advised to remain cautious and aware of red flags, such as unusually low prices, buyer profiles lacking transaction history, and requests for payments outside of OfferUp. The platform does offer a limited Purchase Protection plan for specific cases, but users are not protected if transactions are conducted off-app or involve cash payments.
This escalation in scams poses real risks to users, not only leading to monetary loss but also potential identity theft. As more individuals turn to mobile marketplaces for transactions, it is crucial for defenders and users to employ preventive measures. Maintaining a secure environment involves using the app for communication and payments, verifying seller identities, and reporting any suspicious activities.
While the article does not mention specific Indicators of Compromise, staying vigilant and informed about these prevalent scams is essential for all users to safeguard against emerging threats.
