The U.S. government, The Financial Crimes Enforcement Network (FinCEN), recently released a statement mentioning the risks and symptoms of serious Internet-related activities since the release of COVID-19.
“Many illegal actors are involved in fraudulent activities that take advantage of the vulnerabilities caused by the pandemic.” FinCEN said in a statement issued on July 30th.
The agency added:
“This release contains descriptions of cyber activity and malicious fraud related to COVID-19 that are associated with financial warning indicators and information on reporting suspicious activity.”
The FinCEN statement was released a few weeks ago after the massive Twitter hack.
FinCEN was announced after a large-scale attack on Twitter that affected many of the platform’s main accounts, including those of Joe Biden, Elon Musk, and Bill Gates. Internet crime in general has increased since COVID-19 prevention measures were implemented in March. According to previous reports, it has grown 75% more.
“This announcement is intended to help financial institutions identify, prevent, and report potential COVID19 related criminal activity,” FinCEN said in the July 30 statement.
“This release is based on FinCEN’s analysis of COVID-19 related information derived from data from the Bank Secrecy Act (BSA), open source reports, and law enforcement partners.”