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Thursday, September 3, 2020

Cyber Crooks Love the Pandemic

     Where real markets go, shadow markets often follow. In crime--as in legitimate economic activity--the pandemic has fostered an online boom. The FBI's Internet Crime Complaint Center reports that by June 2020, daily digital crime has risen by 75 percent since the start of stay-at-home restrictions, and that the number of complaints received in 2020 had all but surpassed the total for 2019...

     Criminals main method of attack on individuals has been COVID-19 related email phishing--impersonating legitimate companies, often banks or credit card companies, to dupe people into handing over log-ins, passwords or financial information. In recent months emails purporting to be from government and health care authorities have proliferated, claiming to provide information and offer recommendations about the pandemic...

The Economist, August 17, 2020

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