Security News > 2020 > August > How cybercriminals are exploiting US unemployment benefits to make money

How cybercriminals are exploiting US unemployment benefits to make money
2020-08-14 13:43

To help people and businesses affected financially, the government has been offering loans, stimulus packages, and increased unemployment benefits.

A report published Friday by global threat intelligence firm IntSights describes how cybercriminals have been combining various types of data to create phony IDs to obtain unemployment benefits from the US government.

In a blog post entitled "Pandemic Unemployment Scams Made Easy," IntSigns notes that the dramatic rise in unemployment numbers has placed major stress on the people and processes managing unemployment benefits, giving scammers a more vulnerable target for exploitation.

Cybercrime forums on the Dark Web have been populated with conversations on unemployment benefits.

One discussion thread discovered by Cohen centered around the various pandemic unemployment assistance benefits offered, detailing the minimum and maximum payouts available from each state and offering links to file a claim.


News URL

https://www.techrepublic.com/article/how-cybercriminals-are-exploiting-us-unemployment-benefits-to-make-money/#ftag=RSS56d97e7