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"Caller ID spoofing" is a cute name for a scam that's anything but: Several states, including Arkansas, Minnesota, North Dakota, and Pennsylvania, have warned consumers about the practice.
What it is. You check caller ID before taking a call, but the caller isn't the person or company who's listed.
How it works. Caller ID spoofers log onto one of several websites, create an account by paying a small fee, and enter a name and number they want to pretend to be calling from—a bank or credit-card company, for instance. The phone network then displays that information on a recipient's caller ID.
What to do. Never give personal information over the phone, and if someone claiming to be from a financial institution calls and asks for personal data, hang up, call the correct company number, and let a rep know what happened.
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