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U.S. government agency, the Financial Crimes Enforcement Network, or FinCEN, recently put out a notice mentioning the risks and symptoms of internet-related nefarious activities occurring since COVID-19 arose.
"Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic," FinCEN said in a July 30 statement.
The agency added:
"This advisory contains descriptions of COVID-19-related malicious cyber activity and scams, associated financial red flag indicators, and information on reporting suspicious activity."
FinCEN's statement follows a massive Twitter hack weeks ago
FinCEN's advisory comes after a large-scale Twitter breach affected many top accounts, including Joe Biden, Elon Musk and Bill Gates. Cybercrime in general has been on the rise since COVID-19 prevention measures took flight in March, up 75% according to previous reporting.
"This advisory is intended to aid financial institutions in detecting, preventing and reporting potential COVID19-related criminal activity," FinCEN said in the July 30 statement.
FinCEN added:
"This advisory is based on FinCEN’s analysis of COVID-19-related information obtained from Bank Secrecy Act (BSA) data, open source reporting and law enforcement partners."
"Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic," FinCEN said in a July 30 statement.
The agency added:
"This advisory contains descriptions of COVID-19-related malicious cyber activity and scams, associated financial red flag indicators, and information on reporting suspicious activity."
FinCEN's advisory comes after a large-scale Twitter breach affected many top accounts, including Joe Biden, Elon Musk and Bill Gates. Cybercrime in general has been on the rise since COVID-19 prevention measures took flight in March, up 75% according to previous reporting.
"This advisory is intended to aid financial institutions in detecting, preventing and reporting potential COVID19-related criminal activity," FinCEN said in the July 30 statement.
FinCEN added:
"This advisory is based on FinCEN’s analysis of COVID-19-related information obtained from Bank Secrecy Act (BSA) data, open source reporting and law enforcement partners."