Fraudsters earned COVID-19 millions of dollars: how they did it

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Fraudsters see the epidemic as an unprecedented opportunity to exploit consumer vulnerabilities

According to the Federal Trade Commission (FTC), since the beginning of the year, COVID-19 fraud has resulted in more than $ 77 million in damages to Americans. However, according to John Brio, a representative of the National League of Consumers, it is only the tip of the iceberg when it comes to the scale of fraud during the epidemic.

According to the FTC, consumers registered 121,466 cases of fraud. The average loss was $ 270. The most popular categories in which fraudsters were involved during an epidemic were online shopping, travel and leisure, credit cards, financial institutions, and text messages.

The department stated, “Fraudsters see an epidemic as an unprecedented opportunity to take advantage of the vulnerability of consumers who are not only in a difficult financial situation, but constantly aware of COVID-19 drugs and treatments Are receiving, ”the department said.

According to CNBC, fraudsters use more than 40 million Americans receiving unemployment benefits. Thieves pretend to be people who help file documents for profit, and then steal customers’ personal information. In addition, an increase in the number of hacking accounts and the number of fraud cases with delivery was recorded, starting in April.

Experts remind you to be careful and verify the identities of those providing assistance when installing anti-virus software, processing any documents, and not clicking suspicious links sent by e-mail or SMS.

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Earlier, McAfee reported that most often during the quarantine period, hackers sent phishing emails. Among them, the attackers, allegedly on behalf of the World Health Organization (WHO) and charitable organizations, selling masks and drugs, testing of coronaviruses and other medical products (the subject of such a letter is the most common for a recipient in a particular field Is likely to be relevant).

Read: Financial Literacy: National Bank will teach Ukrainians to recognize payment fraud

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According to the material Pymnts


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