COVID-19 has created previously unthinkable consequences for our society. In these uncertain and difficult times, fraudsters opportunistically prey on the fear and uncertainty created by a public health emergency, looking to profit from the public’s desire to regain a sense of safety and security. Compliance officers should be looking for ways to protect both their employees and their organization as a whole.
Compliance officers should consider informing their employees on the types of frauds and scams which are permeating our society:
Technology-driven scams
- Phishing scams
- COVID-19 fraudulent websites
- Business email compromise
- Ransomware attacks
- Other mobile app scams
Misrepresentation by sales channels
- Online education applications
- Supply scams
- Counterfeit drugs
- Covid-19 testing and treatment scams
- Healthcare provider scams
Investment and charity
- Charity scams
- Investment scams
This report also details ways in which companies and their employees can protect themselves from falling victim to COVID-19 scams.
