Beware of increased cyber fraud activity amid COVID-19 fears.

As the public’s demand for information about the pandemic remains high, criminals are seeking to take advantage, turning common information searches into information theft. Be aware of the top three cyber frauds and implement additional precautions to protect yourself:

  • Outbreak Maps: Malicious actors have begun spreading malware through online maps claiming to track the impact of coronavirus. As users visit the sites or click the links, they are exposing usernames, passwords, credit card numbers, browsing history, or other nonpublic personal information. This is then exploited by the attackers or sold to other criminals on the dark web.
  • Email Campaigns: Criminals are leveraging common forms of fraud, like spam email campaigns, using infected attachments or downloads to gather information.
  • Charitable Giving: Scammers may pose as charitable organization claiming to need funds for charitable expenses related to the virus. Don’t fall victim to such schemes, fact check the organization.

It’s important that you stay vigilant during these uncertain times. Don’t click on unknown links and avoid visiting new websites that could be operated by criminals.

  • Start by protecting your accounts by using:
    • Two-step verification
    • Voice ID
    • Verbal passwords
    • Transaction alerts
  • Use unique & strong passwords that are different across platforms.
    • Using a password manager can help you to keep track of all your passwords in a safe way.
  • Report fraud attempts to:
    • Your financial institution
    • Local police
    • FBI
    • The 3 credit bureaus, if necessary.
  • Stay educated at: Schwab.com/SchwabSafe. Read our most recent blog on Cyber Theft

As your financial advisor, we have had disaster processes in place for many years and our staff is ready to assist with any requests you may have.

  • We have a Cyber Security Program in place. Protecting your data and assets is our highest priority.
  • We always verbally verify all move money requests with clients. Expect a call from us before making the transactions.

We will keep you informed of important developments in the fight against cyber security threats. If you think your personal financial information has been stolen, contact us immediately to report the problem.