Security News > 2020 > May > Riding the State Unemployment Fraud ‘Wave’

Riding the State Unemployment Fraud ‘Wave’
2020-05-23 13:40

Last week, the U.S. Secret Service warned of "Massive fraud" against state unemployment insurance programs, noting that false filings from a well-organized Nigerian crime ring could end up costing the states and federal government hundreds of millions of dollars in losses.

Yes, for roughly $50 worth of bitcoin, you too can quickly jump on the unemployment fraud "Wave" and learn how to swindle unemployment insurance money from different states.

CANARY IN THE GOLDMINE. Earlier this week, email security firm Agari detailed a fraud operation tied to a seasoned Nigerian cybercrime group it dubbed "Scattered Canary," which has been busy of late bilking states and the federal government out of economic stimulus and unemployment payments.

STATE WEB SITE WOES. A number of states have suffered security issues with the PUA websites that exposed personal details of citizens filing unemployment insurance claims.

State officials reportedly ignored the programmer's repeated attempts to get them to fix the issue, and when it was covered by the newspaper the state governor accused the person who found it of breaking the law.


News URL

https://krebsonsecurity.com/2020/05/riding-the-state-unemployment-fraud-wave/