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Police Warn of Coronavirus Text Scam That Contains Fake Alert About Potential Infection

By Jason Murdock for Newsweek
Thursday, April 16, 2020

The Federal Trade Commission (FTC) has recorded over 18,200 complaints about COVID-19 fraud between January 1 and April 14, 2020—with 1,071 of those linked to text-based schemes. The total loss to such fraud in that period was estimated at $13.44 million, the agency said.

"Criminals are now aggressively exploiting our overall unreadiness for the COVID-19 crisis, profiteering from the unprecedented technical susceptibility of the victims. Working from home, operations disrupted by digital transformation and a shortage of security personnel have introduced a wide spectrum of cybersecurity challenges," explained Ilia Kolochenko, CEO of security firm ImmuniWeb. Read Full Article

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