Coronavirus Scams: 7 Ways Criminals Prey On Your Fear Of The Pandemic
No one is unaffected by the coronavirus pandemic. As a result of everything from government-mandated isolation to rampant unemployment, our lives look a lot different today than they did even a month ago. Unfortunately, there are plenty of people out there ready to prey on the resulting fear and confusion.
Twitch user “Kitboga,” who is known for trolling telemarketers over livestream, recently made headlines for putting the spotlight on coronavirus scammers. He’s uncovered everything from fake articles about coronavirus vaccines to companies hocking essential oils they promise will cure the virus.
“I’m not a psychologist, but I imagine you are less likely to make rational decisions when you’re afraid,” he told Wired. “Obviously there’s lots of fear right now ... We already are in that situation. So the scammers are one step ahead.”
Though Kitboga’s on-camera trolling bit is largely for entertainment, it brings to light a concerning trend that’s sprouted from the pandemonium surrounding COVID-19. Here’s a closer look at the various coronavirus scams out there right now and red flags to watch out for.
1. Coronavirus Stimulus Check Scams
You’ve likely heard about the highly anticipated coronavirus stimulus package that was recently passed, which could put some money in your pocket in the coming weeks if your earnings fall below a certain threshold. Since so many Americans are expecting relief, it provides a prime opportunity for scammers to strike.
“The U.S. government won’t be calling people individually to ask them to verify their bank account details,” warned Nathan Hamilton, a personal finance expert and industry analyst at The Ascent. He said if someone does call (or text) you regarding the stimulus, assume it’s a scam.
“If you used direct deposit on your last tax return, your stimulus payment will be sent directly to that bank account. Otherwise, you’ll receive a check in the mail at the address you used for...
