As the virus continues to spread globally and throughout the U.S., there are a lot of ways for hackers, scammers, and organized groups to take advantage.
Jason Glassberg is a co-founder of Casaba Security, a cybersecurity and ethical hacking firm that advises cryptocurrency businesses, traditional financial institutions, technology companies and Fortune 500s. He is a former cybersecurity executive for Ernst & Young and Lehman Brothers.
Consumers can expect to see a wide range of coronavirus-related “phishing” , “smishing” , and “vishing” scams over the coming weeks and months. These scams will prey on our insecurities about how and where the virus is spreading, and they could take several forms — such as fake health agency warnings about infections in your local area, vaccine and treatment offers, medical test results, health insurance cancellation, alerts about critical supply shortages, and more.
Seller and buyer scamsSimilarly, scammers and unethical sellers could also take advantage of widely used platforms such as Amazon, Walmart, AliExpress, Overstock, Newegg, OfferUp, etc. to gauge consumers. This scam is particularly likely now, when consumers are eager to get coronavirus-related goods shipped to them ASAP. Criminals could also use stolen credit cards to buy coronavirus products which they then turn around and resell to other buyers. Because the card is stolen, the cost of the transaction will eventually be charged back to the seller.
The second threat to watch out for is coronavirus-related investment scams. As the SEC recently warned, criminals will use social media to promote microcap stocks which they claim have a product or service that can help prevent or treat coronavirus. These are pump-and-dump scams that could cost investors dearly.
Coronavirus misinformation and conspiracy theories can also be weaponized by malicious groups and foreign actors in order to trigger a public panic, sow divisions among Americans, and increase their skepticism of U.S. government agencies, public figures, and political parties.
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