Scammers have been sending out emails that impersonate the U.S. Federal Reserve and lure recipients with financial relief options through the Payment Protection Program.
This phishing theme is becoming common these days as the U.S. government is offering funding options to citizens and businesses to overcome the problems created by the new coronavirus outbreak.
The pandemic put tens of millions of Americans in a rough financial spot and cybercriminals are now taking advantage of the situation in an attempt to drain their bank accounts.
IBM X-Force published a
report on Thursday saying that they’ve spotted multiple spam campaigns impersonating the U.S. Small Business Administration and promising government relief funds to the recipients.
