What We’re Reading – Identity theft risk spiking with COVID-19

A very interesting article from Physician Practice discusses scams that have resulted from the pandemic and provides several good sources of additional information.  In a nutshell, identify theft happens every two seconds, has affected 30% of the US population and over 14 million people in 2019.  And… it’s on the rise due to chaos from COVID.  Some areas that scammers have targeted include:

  • Fraudulently obtaining unemployment benefits, receiving PPP loans, hijacking bank accounts and opening new accounts in your name;
  • Fraudulent websites offering PPE and medical supplies with too-good-to-be-true pricing. They either don’t deliver after you pay, deliver counterfeit or expired goods or steal your credit card info.
  • Remote work scams of entities using email to obtain sensitive information or embedding links or attachments to trick the receiver.
  • Impersonating medical or health orgs selling COVID-related products or offering fake services such as contract tracing.

Among the author’s suggestions if you are a victim of any of these scams are:

  • Placing fraud alert on credit cards or freezing your credit report
  • Reporting identity theft to the FTC and police
  • Reviewing your credit reports with all agencies and correcting mistakes
  • Changing your passwords
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