Citation[]
Financial Crimes Enforcement Network (FinCEN), Advisory on Cybercrime and Cyber-Enabled Crime Exploiting the Coronavirus Disease 2019 (COVID-19) Pandemic (FIN-2020-A005) (July 30, 2020) (full-text).
Overview[]
The Financial Crimes Enforcement Network (FinCEN) issued this advisory to alert financial institutions to potential indicators of cybercrime and cyber-enabled crime observed during the COVID-19 pandemic. Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic. This advisory contains descriptions of COVID-19-related malicious cyber activity and scams, associated financial red flag indicators, and information on reporting suspicious activity.
This advisory is intended to aid financial institutions in detecting, preventing, and reporting potential COVID- 19-related criminal activity. This advisory is based on FinCEN's analysis of COVID-19-related information obtained from Bank Secrecy Act (BSA) data, open source reporting, and law enforcement partners.