
The rapid onset of the COVID-19 pandemic has created havoc in all aspects of our business and personal lives. To make matters worse, the virus itself isn’t the only element invading our lives. Fraudsters have found a whole new avenue to perpetrate schemes and scams.
From January 1, 2020 through April 15, 2020, the FTC received 18,235 reports related to COVID-19, and people reported losing $13.4M to fraud. The top complaint categories relate to travel and vacations, online shopping and bogus text messages.
Fraud related to COVID-19 is occurring in multiple types of schemes and scams including:
- Medical testing, vaccines and medical equipment
- Travel and vacations
- Online shopping
- Internet Services
- Contact tracing
- The CARES Act and the Payroll Protection Program
These are just a few of the most prominent schemes that have arisen. During this session, we will delve into the intricacies of the COVID-19 pandemic and how it is impacting the world of fraud.
Learning Objectives
- Explore types of COVID-19 medical testing schemes.
- Identify and evaluate current FTC Statistics on COVID related fraud.
- Recognize and examine FBI Fraud Warnings related to COVID related schemes.
- Discover and examine fraud that will occur with the CARES Act and Payroll Protection Program.
- Identify tips for preventing and mitigating fraud
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Prerequisites
No advanced preparation or prerequisites are required for this course.