Login

Register

Login

Register

Scammers have stolen over $130 million in coronavirus-related schemes | #coronavirus | #scams | #covid19

[ad_1]

Over 100,000 Americans have collectively reported roughly $132 million in fraud losses from scams related to the coronavirus and government stimulus checks since the March start of the pandemic, according to Federal Trade Commission.

Why it matters: Coronavirus-related fraud complaints peaked in May when the IRS began sending its first round of stimulus checks. Congress has proposed a second stimulus.

How it works: Scammers around the world know the government is flooding the American economy with cash and some are taking advantage of health-related fears and the wave of home shoppers to divert chunks of that money.

  • Scams commonly offer coronavirus vaccines, cures, air filters and tests on fake websites, while others operate through fabricated coronavirus-related charities and fake “persons in need” schemes in which scammers pose as family, according to the Consumer Financial Protection Bureau.
  • “It is often the case that, following reports of a health scare, deceptive advertising or marketing touting ‘miracle cures’ quickly emerge. The COVID-19 pandemic has put this cause and effect scenario into overdrive,” Andrew Smith, director of the commission’s Bureau of Consumer Protection, told Congress in July.
  • The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency warned on Aug. 12 that it was tracking a malicious cyber actor who was “spoofing the Small Business Administration (SBA) COVID-19 loan relief webpage via phishing emails.”

By the numbers: More than 28,000 victims had their identities stolen through coronavirus-related scams since the start of the pandemic.

  • 30- to 39-year-olds have filed more than 7,000 coronavirus fraud reports — the most of all other age groups. 40- to 49-year-olds have lost the most money to such scams, with a total of around $14.9 million.

Flashback: Around 23,000 Americans reported losing $18 million to coronavirus frauds in mid-April.

The big picture: 44 state attorneys general have so far signed a letter urging Congress to amend the Victims of Crime Act of 1984 to allow senior victims of fraud to receive funds from crime victim funds in states that offer such compensation.

  • People in California, Florida, New York, Texas and Pennsylvania — the most populous states in the U.S. — filed the most fraud reports, according to FTC data.

Go deeper: Tips for avoiding coronavirus scams

[ad_2]

Source link

Click here to go to the original Source of this story.

______________________________________________________________________________________________

Get your CompTIA A+, Network+ White Hat-Hacker, Certified Web Intelligence Analyst and more starting at $35 a month. Click here for more details.

Leave a Reply

Shqip Shqip አማርኛ አማርኛ العربية العربية English English Français Français Deutsch Deutsch Português Português Русский Русский Español Español

National Cyber Security Consulting App

 https://apps.apple.com/us/app/id1521390354

https://play.google.com/store/apps/details?id=nationalcybersecuritycom.wpapp


NATIONAL CYBER SECURITY RADIO
[spreaker type=player resource="show_id=4560538" width="100%" height="550px" theme="light" playlist="show" playlist-continuous="true" autoplay="false" live-autoplay="false" chapters-image="true" episode-image-position="left" hide-logo="false" hide-likes="false" hide-comments="false" hide-sharing="false" hide-download="true"]
HACKER FOR HIRE MURDERS
 [spreaker type=player resource="show_id=4569966" width="100%" height="350px" theme="light" playlist="show" playlist-continuous="true" autoplay="false" live-autoplay="false" chapters-image="true" episode-image-position="left" hide-logo="false" hide-likes="false" hide-comments="false" hide-sharing="false" hide-download="true"]

ALEXA “OPEN NATIONAL CYBER SECURITY RADIO”

National Cyber Security Radio (Podcast) is now available for Alexa.  If you don't have an Alexa device, you can download the Alexa App for free for Google and Apple devices.   

nationalcybersecurity.com

FREE
VIEW