Regions Bank Treasury Management sends out information on Emerging COVID-19 Scams

Be aware of Emerging Covid-19 Scams

Author credit: Jeffrey Taylor of Regions Treasury Management Products and Services

Several government agencies have issued a bulletin warning of a new type of COVID-19 scam. Along with the previously reported scams involving personal protective equipment (PPE), COVID-19 testing, and economic stimulus payments, fraudsters are now leveraging the availability of the COVID-19 vaccine. According to the bulletin, victims are being coerced to make an out-of-pocket payment for the vaccine and provide personally identifiable information with a false promise to move their name up on the list of vaccine recipients.

The FBI warns of the following potential indicators of fraudulent activity:

• Advertisements or offers for early access to the vaccine upon payment of a deposit or fee
• Requests asking for out-of-pocket payment to obtain the vaccine or be added to the COVID-19 vaccine waiting list
• Offers to provide additional medical testing or procedures when obtaining the vaccine
• Marketers offering to sell and/or ship doses of a vaccine, domestically or internationally, in exchange for payment of a deposit or fee
• Unsolicited emails, telephone calls, or personal contact from someone claiming to be from a medical office, insurance company or COVID-19 vaccine center requesting personal and/or medical information to determine eligibility to participate in clinical vaccine trials or obtain the vaccine
• Claims of FDA approval for a vaccine that cannot be verified
• Advertisements for vaccines through social media platforms, email, telephone calls, websites or unsolicited/unknown sources
• Unsolicited emails, telephone calls, or personal contact from someone claiming to be a government official requiring you to receive a COVID-19 vaccine

Tips to avoid COVID-19 vaccine-related fraud:

• Consult your state’s health department website for up-to-date information about authorized vaccine distribution channels
• Check the FDA’s website (fda.gov) for current information about vaccine emergency use authorizations
• Consult your primary care physician before undergoing any vaccination
• Don’t share your personal or health information with anyone other than known and trusted medical professionals
• Check your medical bills and insurance explanation of benefits (EOBs) for any suspicious claims and promptly report such information to your health insurance provider
• Follow guidance from the CDC and other trusted medical professionals

General techniques for online/cyber fraud prevention:

• Verify the spelling of web addresses, websites, and email addresses that look trustworthy but may be imitations of legitimate websites
• Ensure operating systems and applications are updated to the most current versions
• Update anti-malware and anti-virus software and conduct regular network scans
• Do not enable macros on documents downloaded from an email unless necessary and only after ensuring the file is not malicious
• Do not communicate with or open emails, attachments, or links from unknown individuals
• Never provide personal information of any sort via email. Be aware that many emails requesting your personal information may appear to be legitimate
• Use strong two-factor authentication, using biometrics, hardware tokens, or authentication apps
• Disable or remove unnecessary software applications

If you believe you are a victim of a COVID-19 scam, please call Regions Client Services immediately at 1-800-787-3905, and report it to the FBI at www.ic3.gov; wwwtips.fbi.gov; or 1-800-CALL-FBI.

Want more information, or have questions?
For more helpful practices regarding fraud prevention, please visit regions.com/stopfraud and www.regions.com/fraud-prevention.

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