ABSTRACT

Cyber Criminals and Fraudsters: How Bad Actors Are Exploiting the Financial System During the COVID-19 Pandemic, Virtual Hearing Before the Subcommittee on National Security, International Development and Monetary Policy of the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, Second Session, June 16, 2020   [open pdf - 16MB]

This is the June 16, 2020 hearing on "Cyber Criminals and Fraudsters: How Bad Actors Are Exploiting the Financial System During the COVID-19 [coronavirus disease 19] Pandemic" held before the House Subcommittee on National Security, International Development and Monetary Policy of the Committee on Financial Services. From the opening statement of Emanuel Cleaver: "As the pandemic continues to move through our communities and our country, and to devastate the physical health of our citizens, it has managed to also infect the economic health of our nation. Congress, through a bipartisan effort, passed the CARES [Coronavirus Aid, Relief, and Economic Security] Act, which unlocked unprecedented relief to families and small businesses, relief that, according to the Federal Reserve, may not be enough to prevent a long and protracted economic downturn. Nevertheless, significant investments were made to rescue millions of working citizens. In this time of suffering and hardship for so many, we are seeing criminal actors here at home and around the world redoubling their efforts to target families, financial institutions, and even arteries of government." Statements, letters, and materials submitted for the record include those of the following: Kelvin Coleman, Jamil N. Jaffer, Tom Kellermann, and Amanda Senn.

Report Number:
Serial No. 116-96
Publisher:
Date:
2021
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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