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FTC Warns Taxpayers About Stimulus Fraud

PYMNTS

Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission ( FTC ) is already warning the public to beware. No one will call to ask for your bank account, credit card or Social Security number, the FTC said. Consumers who spot a scam should contact the FTC at ftc.gov/complaint.

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FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks

PYMNTS

Further, FinCEN said phishing schemes could surface targeting people with fraudulent vaccine information, the sale of unapproved and illegally marketed vaccines and the sale of counterfeit versions of approved vaccines. There have already been ransomware attacks aimed at medical research facilities working on vaccinations.

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Experts May Overestimate SMBs’ Understanding Of Cyber Threats

PYMNTS

Federal Trade Commission (FTC) the latest to place emphasis on the importance of safeguarding data and systems. Late last week, the FTC rolled out a series of informational resources for nonprofits and small businesses (SMBs) to heighten awareness and understanding of cybersecurity threats and how to mitigate them.

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6 Types of COVID-19 Scams to Watch Out For

FICO

With phishing, bad actors use malicious emails that are disguised as legitimate to trick people into providing sensitive information or taking potentially dangerous action. Vishing is like phishing, but over the phone. Smishing is similar to phishing, but is executed through text messages. every month.

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What to do if your company suffers a data breach

VISTA InfoSec

The Federal Trade Commission (FTC) recommends that companies notify law enforcement as soon as possible by contacting local FBI or U.S. This could include setting up a fraud alert for credit files, changing passwords, setting up two-factor authentication (2FA), keeping a close eye out for phishing emails or unusual activity in bank accounts.

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Fraudsters Find New Opportunities With Vaccine And Stimulus Scams

PYMNTS

The IRS is encouraging consumers to screenshot these fraudulent texts and email them to the agency at phishing@irs.gov. As of September 2020, the FTC reported that there had been $145 million in pandemic-related scams. The FTC marked $201.26 million in coronavirus-related fraud this year and 38,792 cases of identity theft.

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Deploying A Multilayered Fraud Prevention System During The COVID-19 Pandemic

PYMNTS

The Federal Trade Commission (FTC) has received 18,235 reports of virus-centric scams since the beginning of the year, and these incidents have resulted in more than $13.4 People are one click away from a malware download or credential phishing [website]. million in losses.