THE SCAM A 76-year-old woman on Long Island got a text that looked like a fraud alert tied to Apple Pay. It told her to call a number. She did. The person who answered posed as a bank representative and said an extra $30,000 had landed in her account by mistake. Then came the fix: withdraw cash and hand it over in person. She did — and then she did it again. By the time it was over, she was out $60,000, according to Nassau County police. Apple Pay was never breached; scammers just borrowed its name to make the text look trustworthy.

THE RED FLAG Watch the handoff, not the brand name. A real bank fraud alert never asks you to call a number from a text, and no real bank will ever ask you to withdraw cash and hand it to a stranger. The scammers' whole move was getting her off the text and onto a call they controlled — once she was talking to "the bank," every next instruction sounded like help.

THE RULE Never follow the instructions inside an alarming message. Don't call the number in the text, don't click its link. Open your banking app yourself — or dial the number printed on your card — and ask the real bank what happened. If you already called, hang up and check anyway. You don't need the caller's permission to do that.

Read the full red flag: https://erawaeb.com/digest/daily/018-the-apple-pay-alert-that-stole-60-000/