Protecting Yourself From Coronavirus Scams
May 05, 2020
In such uncertain times, everyone has a lot to worry about. The COVID-19 pandemic has created new and rapidly evolving health guidelines, social rules, daily routines and, unfortunately, opportunities for scammers to steal in new ways. Because vigilance is the best defense against scams, beware of coronavirus scams and learn how to protect yourself and loved ones from falling victim.
Veterans are often popular targets for scammers, and twice as likely to be victimized as nonmilitary individuals. Some types of scams to look out for:
- Fraudulent Charities. The coronavirus crisis has created an extreme need in communities all over, and many people want to help in any way they can. For every generous person hoping to give, there is another who would like to take advantage of that kindness. Research any charitable cause before giving and never donate using cash, gift cards or through a wire transfer unless you are sure it is legitimate.
- Consumer Goods Scams. Watch out for products that claim to prevent, cure, treat or test for the coronavirus. There are currently no such FDA-approved items available for sale to consumers. Also, beware of those selling hard-to-find items like masks and sanitizers at grossly inflated prices. Some fake websites appear to sell these items but only keep the money from orders and then never fulfill them.
- Phishing Attacks. Every inbox likely has at least a few of these. Phishing is an attempt to steal personal and financial information and passwords and leads to identity theft. Fake emails and texts exploit the stress surrounding COVID-19 to get the victim to click on a malicious link or enter personal and financial information. These emails or messages often look legitimate, so it is essential to double-check the validity of any sender before clicking.
- Economic Relief Scams. As state and federal governments rush to roll out economic relief programs, scammers are taking the opportunity to fool people. Callers or online scammers pose as officials try to trick victims into giving them their financial information by promising stimulus checks and other forms of coronavirus aid.
- Provider Scams. Scammers are calling people and pretending to be medical providers, claiming to have treated loved ones for COVID-19 and demanding payment for services. They may even name the supposed patient by name and can be very convincing.
Always use extreme caution when giving to charity, answering phone calls and going online. Never give out sensitive or financial information over the phone or online without being sure that everything is legitimate. The criminals who commit these scams are always evolving, so it is crucial never to let your guard down.