Direct Technology Group Blog

Direct Technology Group provides professional IT Support and Network Services for Businesses around South Florida. Computer Services, Tech Support, IT Solutions and more!

Tip of the Week: Victims Of November 2014 Scam Can Get Fraction Of Funds Back

In November of 2014, the Federal Trade Commission announced that “two massive telemarketing operations” had been temporarily shut down after collecting over $120 million by “deceptively marketing computer software and tech support services.” It wasn’t long before these companies lost significant court judgements to the FTC, but by then, the money was gone.

Naturally, this does not bode well for those who were scammed of that money.

The Story
In December of 2016, the FTC came to a settlement with Advanced Tech Support, one of the perpetrators of these scams. This settlement recovered $10 million of the company’s ill-gotten gains.

Advanced Tech Support had been running the old scam where they would push the sale of their ‘services’ by telling their customers/victims that their computers were infected--when they weren’t--to get them to call Advanced Tech Support. Once they called, these victims were coerced into signing up for tech support subscriptions that did little more than drain hundreds from their bank accounts.

Advanced Tech Support is permitted to continue business, but they will have to pay to have a court-appointed monitor make sure they don’t slip back into their old ways, in addition to the $10 million settlement mentioned above.

Why Victims May Be Out of Luck
As it would turn out, that $10 million settlement may very well be what is to be used to pay back the victims of these scams. Another company was ordered to pay $36.4 million, but were unable to due to lack of funds. This company wound up having to relinquish all of their assets as a term in the case settlement.

When all's said, and done, victims of these scams may be refunded somewhere below 10% of their total losses.

While our hearts go out to the victims, we can’t help but wonder what would have happened if this scam had been leveraged against a business. Jobs would be lost, clients alienated, and the business would have failed long before the case would get to trial.

Taking this into consideration, you need to ensure that your business is protected against scammers like these, and that your employees have a trustworthy source of support that they can rely on. We can help. Call Direct Technology Group at 954-739-4700 to learn more.

Why Boarding Pass Selfies Are A Really Bad Idea
Make Sure Your Software Is Licensed, Or The BSA Ma...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Thursday, 21 June 2018

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Security Tip of the Week Best Practices Technology Privacy Cloud Business Computing Google Microsoft Malware Hackers Productivity Backup Business Miscellaneous Windows 10 Software Hosted Solutions Android Efficiency Hardware Mobile Devices Innovation Email Internet Smartphone Smartphones Cybersecurity communications Network Security Ransomware Save Money Workplace Tips Windows Social Media User Tips Computer Employer-Employee Relationship Business Continuity Office Upgrade Data Business Management Browser IT Support VoIP Automation Managed IT Services Outsourced IT Microsoft Office Server Holiday Network Passwords Disaster Recovery Alert Chrome Bandwidth Gmail Remote Computing Quick Tips Small Business Apps Computers Router Wi-Fi App Marketing IT Services Communication Office Tips Password Mobile Device Management Productivity Hacking Facebook Settings Website Data Management Physical Security Operating System Retail Cybercrime Government Applications Law Enforcement Managed Service Provider Collaboration Internet of Things Wireless Tech Term Excel Application Apple Health Virtualization Networking Virus VoIP Twitter Social Engineering Lithium-ion battery Cloud Computing Workers Spam Politics Mobility Google Drive Data Backup Gadgets Telephone Systems Safety Biometrics Windows 10 Mobile Computing Data Breach Office 365 History VPN Phishing Mouse Remote Monitoring iPhone Entertainment Patch Management Recovery WiFi Business Intelligence Analytics BYOD Artificial Intelligence Battery Big Data Environment Maintenance Managed IT Services Tech Terms Hosted Solution User Error PowerPoint IT Support Best Practice Tablet Laptop Shortcut Vulnerability HIPAA Cortana Printer Access Control Cleaning Printer Server DDoS Robot Cost Management Humor Hard Drives Tech Support IT solutions Paperless Office Information Technology Scam Internet Exlporer Smart Technology Streaming Media Fax Server Wireless Charging The Internet of Things Sports Blockchain Files Two-factor Authentication Tip of the week Data storage Saving Money End of Support Word Data Protection eWaste How To File Sharing Reputation Backup and Disaster Recovery Google Maps Telecommuting Downloads Advertising Email Management HaaS Going Green Education Hard Drive Windows 8 Network Attached Storage Virtual Reality Spotify User Security Consultant Customer Computer Accessories Wearable Technology SSD Social Millennials Trends Private Cloud Flexibility Licensing Processors People Server Management Bloatware Cabling Business Technology Best Available Gadget Cameras Running Cable Inventory Botnet Managed IT Service A.I. Public Cloud Legal Travel Touchpad Uninterrupted Power Supply Spyware Mobile Office Machine Learning Entrepreneur Mobile Security Social Networking Managed IT Telephony Movies Human Resources Hybrid Cloud Tablets Mobile Device Live Streaming WIndows 7 Unified Threat Management Worker HP Meetings Telecommute Windows XP Sales Tactics Relocation Windows Media Player e-waste Voice over IP Unified Communications PDF Multi-Factor Security Video Games WhatsApp Managing Stress Document Management Data loss Knowledge Internet Explorer Distributed Denial of Service disposal Customer Relationship Management eCommerce RAM Data Recovery Memory News Black Market Shadow IT Budget Digital Risk Management Staff Webcam Comparison Threat Copy YouTube Value Customer Service Online Shopping Microsoft Teams Alerts Telephone System Phone System Access Edge Websites Programming Specifications Printing User Paste NarrowBand G Suite Dark Web Work/Life Balance Downtime Printers SharePoint Dongle Avoiding Downtime Conferencing Paper Wireless Technology Encryption Database Automobile Lead Generation Hiring/Firing IT budget Analyitcs Remote Support BDR Content Filtering Ink Bluetooth Remote Control Chromecast Notifications Virtual Assistant Hacker Staffing IT Management Current Events Monitor Technology Tips Search User Tip Connectivity USB Internet exploMicrosoft Spam Blocking Techology Bring Your Own Device Antivirus WannaCry Science