January 16, 2022
  • January 16, 2022

More pandemic checks to come – Don’t be fooled by fake emails

By on June 8, 2021 0

With many scams, cybercriminals exploit current events to formulate new tactics. Much like emails copying events around the Colonial Pipeline ransomware attack, criminals are using US bailout law as bait, and thousands of people are getting ripped off.

The U.S. government continues to support Americans with financial assistance due to the pandemic, and the latest round of support will be mailed out next month. These payments are different from previous stimulus checks because they are child tax credit advances.

The IRS will send the funds directly, and the crooks are already finding ways to get their hands on your money. Keep reading to find out how they target your finances.

Here is the backstory

With the payments soon to be made, the crooks are ready to deceive and confuse the recipients. They are always after your money and can also launch attacks to steal personal information. By sending fake emails disguised as IRS correspondence, cybercriminals are hoping you will click on a malicious link. Or downright ripped off.

They might even be as brazen as calling potential victims, urging them to give out personal information over the phone. This is usually done to “verify” the resident or recipient of the checks, but it is nothing more than harmful.

“When government money hits the headlines, we know the crooks are about to run their standard playbook. They can call you, send you an email, send you an SMS or send you a DM. They’ll say they can help you get your payments sooner (they can’t), get you more money (neither can), or tell you more lies (of course), ”the Federal Trade Commission warns. .

What can you do about it

The IRS is in the process of establishing an online portal where you can go to verify the information. This includes how much you will be paid and when it will happen. The IRS is also the only agency in direct contact with you, and anyone else claiming otherwise could be a criminal.

The FTC has a few tips on how to deal with incoming checks and the potential scammers that will inevitably follow:

  • Only the IRS will send these payments. Anyone who tries to “help” you get your child tax credit really wants your money.
  • The government will NEVER call, text, email or DM out of the blue, asking for money or info. Keep your money – and your Social Security, bank account, debit, and credit card numbers – to yourself.
  • No one legitimate will ever demand that you pay by gift card, wire transfer through companies like Money Gram or Western Union, or cryptocurrency. It’s a scam every time.

If you’ve been scammed in the past or know someone is trying to rip you off now, report it to the FTC by going to ReportFraud.ftc.gov.

Keep reading

These bogus apps steal money from early cryptocurrency buyers

Stimulus check missing? Here’s how to report it to the IRS

Source link