Coronavirus Scam To Watch Out For - NextGen

Coronavirus Scam To Watch Out For

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The coronavirus outbreak is not only causing physical problems but also financial problems to the people as scammers are trying to take the full advantage of this situation. Due to the  coronavirus outbreak people are forced to work from home. Many IT companies has allowed people to do their assigned work from home and their are many institutes who have started to online lectures or free certification courses.
"This is prime opportunity for hackers to exploit fear, isolation and uncertainty for their own gain, " says Tom Kellermann head cyber security strategist at VMware's Carbon Black.

Coronavirus scams come in many forms, but the out-turn is either they want your money or they need information so they can get your money. There are maybe chances were you want to help the people who are ill due to this coronavirus but however its possible the scammers would find your financial details.
Here are some of the scams that you should be aware of:

  1. The Shady Websites

Fraudulent websites can come in variety of types , but the major ones are:
  • IT- themed sites which helps you to work remotely
  • Website that ask for donations for the diseased people
Having an effective internet is important to doing your work remotely and this gives scammers enough chances to target the work home employees
The problem is that scammers are targeting employees of those companies who have started to work from home and trick them into giving information of the employees and downloading malware content by posing as IT help desk agents.
Companies website often has records of their employees the scammers hack their information and send an email were personal credentials of employees are asked, these are then again used to get financial information

Many Sites shows the estimation of coronavirus infected people these sites often contains malware which effects your computer.
There are also many websites which ask for donations for the coronavirus patients these are mostly phishing websites which ask for money. You not only donate the money but also you end up giving your payment details. Make sure you always check the authorized sites.


      2. Cures for Cornavirus

There's still no cure found for this virus ,hence the information related to them are not true . Do not try any kind of medicines suggested for the treatment instead follow up your doctor immediately. Verify the whatsapp messages that is been circulated among the people.
There are also many seller scams sites which often charge you but may not deliver you the product or may be the product would be damaged or unsafe . These sites often steal your identity.
The FDA has also warned about fake cures like sodium chlorite solutions, marketed under such names as  "Miracle or Minister Solution, Miracle Mineral supplement, MMS and Water Purification Solution (WPS)."


      3. Text Messages

Nowadays you may receive many text messages regarding the precautions for coronavirus or spreading the awareness but sometimes they have links attached to these messages so when you click on the link an automatic downloads starts which can contain viruses, trojans or spyware and the attackers may get the inside information of your phone . so its highly recommended do not click on the link.
Consumers can expect to see more of these scams in the coming weeks and months as criminals will likely to use this platform to trick people into clicking a link , calling a phone number or installing an app.


     4. Stock Market Trading

Scammers often promising a higher-return investments that they are safe, especially when we see the downturns in the market due to coronavirus , One must be really careful around such claims.Over the past month there has been fall in the market so the scammers are looking for these kind of people who are new in the trading and who believes in profitable investment option.
They are numerous organized groups which have technical skills to carry out the pump and dumb schemes. Investors who does not know about these schemes often gets tricked into it and lose their money. Investors should also lookout for fake emails which ask personal information of the investor and mutual fund advisers who may be hackers and will try to steal the money.
You can view the status of Indian markets over here Stock Market Today


     5. Maps

Covid-19 tracking maps with malware. Attackers are circulating links to malicious websites disguised as Covid-19 maps either through emails or social media. Opening this link prompts the user to install an applet in your device and steals your data like login credentials and banking account information.These maps usually shows the area of coronavirus infected people. Stick on a verified website for Covid-19 tracking maps and double check the URL  before opening he link.


Measures to avoid these  Coronavirus Scams:

  1. Look closely at the sender's email address
  2. Do not download any attachments if you don't know about them
  3. Be suspicious if the message ( phishing ) has a sense of urgency . Do not respond to these kind of messages
  4. If the sender or caller is asking you to give personal information. a credit card or money transfer be suspicious of all those and call to verify.
  5. Don't click on the links in emails or social media . Double check the URL.
  6. If someone approaches you about an investment which seems to be too good to be true then do not invest. There are no "get rich quick" investments that involve substantial risk. Contact any registered financial adviser to know about these scams.
When the markets are falling and you're losing money and under pressure. It can be tough to think clearly which gives these scammers the opportunity to target the consumers.
People are concerned about their health and the lack of clear information which makes them browse from whatever source to get right information or clicking outbound links more tempting than unusual but you need to stay calm and act smart to avoid these traps.

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