In less than six months, COVID-19 has transformed the world as we knew it, and its impact has been devastating. Sadly, scammers are using it to their advantage by taking opportunities to contact vulnerable consumers and attempting to steal personal banking and credit card information. Being proactive and informed is the most efficient way to combat the rise in these “COVID-19 scams.”
Fraudsters have started impersonating government agencies, such as the Centers for Disease Control and Prevention (CDC), claiming they have a product for sale that cures the virus. These scammers’ key to success is adapting their messages and tactics daily to coincide with new medical and economic studies. With quarantining, working remotely, and online learning becoming the new norm, scammers can interact with consumers like never before.
Here are the most common COVID-19 scams to be aware of:
Stay alert and knowledgeable about common scams related to COVID-19 to prevent personally falling victim to fraud. If you would like to learn more, visit our most recent article outlining other common financial scams. Member FDIC.