President Joe Biden announced new steps to combat fraud and identity theft in pandemic relief programs during his …Tuesday night. This traffic follows an increase in the number of scammers taking advantage of vulnerabilities such as designed to steal credit card information and .
The pandemic has sparked a wave of frauds and a number of reports to Federal Trade Commission jumped 50% in 2021 compared to the pre-COVID 2019 period. meanwhile they were already on the radar after ; Cybersecurity concerns are mounting in the United States.
The movements aim to pursue scammers as well as companies that defraud the government with funds earmarked for programs such as the Plat Protection Program.
Here’s what you should know about Biden administration plans to increase cybersecurity in the midst of an ongoing pandemic.
- The Biden administration will appoint a Chief Prosecutor to lead teams of special prosecutors and agents involved in pandemic fraud, namely large-scale identity theft criminals and foreign actors. The team will use data analysis tools to investigate and analyze the identity theft and fraud patterns associated with the payout protection program and unemployment insurance.
- Biden will ask Congress to provide the Justice Department task force with resources to prosecute criminals who have illegally obtained PPP loans, and to increase the penalties for criminals who have committed these scams.
- Biden plans to announce a new ordinance that will cover the prevention and detection of identity theft involving public services, as well as supporting victims of identity fraud.
- The administration says it will continue to fight cases of COVID-19 fraud and identity theft starting in 2020. This will be thanks to the combined efforts of the COVID-19 Fraud Task Force, as well as governments working with the NSC cybersecurity team issuing recommendations for the detection and prevention of theft of public benefit.
- It also aims to restore respect, transparency, and work with the supervisory community to implement recommendations such as tighter control of small business loan programs, targeting multi-state data sharing to detect and combat fraud, and monitoring benefit payments for fraud programs.
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