6 Smart Things You Can Do to Avoid Coronavirus Loan Scams

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Scammers constantly find new ways to get their hands on money and coronavirus-related loan scams are their most recent methods.

“There is an increase in phishing scams and loan scams, including cybercriminals acting like they are a bank, the Social Security Administration or CDC,” warns Henry Bagdasarian, founder and chief identity officer of the Identity Management Institute, a cybersecurity training and certification group.

Consumers and businesses should watch out and be extremely cautious during the COVID-19 pandemic to avoid becoming cyberfraud victims. Here’s what you need to know about loan scams related to the virus crisis.

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