Fear of the spread of the COVID-19 virus has forced many businesses to close and stop production of goods and services. Because of this the global economy has come to a seemingly screeching halt, with some worries that it could lead to a catastrophic depression worse than what was seen in The Great Depression (1930s).
The worries of a depression have forced congress to pass the $2 trillion Coronavirus Aid, Relief, and Economic Security Act. This stimulus package promises to inject trillions of dollars into the economy, giving qualifying citizens checks of $1,200. However, with the increase in cyber crime in the past decade and the spike in attacks centered around the virus, this intersection of stimulus package and cybercrime is a recipe for fraudulent activity.
Experts are warning the public to be on the look out for more attacks and phishing scams as thieves look to take stimulus checks from people. More than likely these attackers will disguise themselves as government agencies in order to get people to cooperate with their plan. To learn more follow the link below:
LIS 4022 Spring 2020 