Tabulating COVID-19-Related Fraud and Financial Loss [March 31, 2021]   [open pdf - 648KB]

From the Document: "Fraudsters have leveraged [hyperlink] the Coronavirus Disease 2019 (COVID-19) pandemic to take advantage of both individuals and organizations. Their schemes [hyperlink] range from posing as representatives of a charitable organization or government agency and tricking individuals into providing money or personally identifiable information (PII), to selling bogus or counterfeit treatments or vaccines for COVID-19 or protective equipment and medical devices, that may or may not be delivered after victims submit payment. Scammers have also tried to use stolen PII to gain access to and steal unemployment benefits and economic impact payments provided pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act; P.L. 116-136) and other legislation aimed at providing COVID-19-related relief and recovery. While the pandemic has created new opportunities for fraudsters, they still rely upon a number of tried-and-true tools to scam victims [hyperlink] or gain access to information, accounts, and resources. For instance, they continue to make robocalls, phish [hyperlink] for information through emails and social media, install malware on unsuspecting users' devices, and exploit technology vulnerabilities. In addition, criminals leverage both the surface web and dark web [hyperlink] to facilitate these schemes. In conducting oversight over federal law enforcement's efforts [hyperlink] to investigate COVID-19-related fraud and the associated financial losses, policymakers may look to available data surrounding these scams to aid them with their work."

Report Number:
CRS Insight, IN11640
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Media Type:
Help with citations