iTestCash is a company dedicated to helping big and small businesses throughout the U.S. and abroad. Its CEO, Alex Reichmann, comes from a family that has spent their lives focused on the protection of people’s money. His grandfather’s company invented the counterfeit detector pen that many banks and retail businesses use to identify counterfeit bills.
Companies of all sizes are being targeted by criminals through business email compromise scams. In these scams, cybercriminals gain access to an employee’s legitimate business email through social engineering or computer intrusion. The criminal then impersonates the employee often a senior executive or someone who can authorize payments and instructs others to transfer funds on their behalf. According to the FBI’s Internet Crime Complaint Center, over $10 billion has been lost by victims in the U.S. due to these scams.
The arrival of hurricane season in the midst of the COVID-19 pandemic requires us all to be doubly vigilant. You’ll be hearing a lot about hurricane preparedness when it comes to protecting yourself and your loved ones in terms of shelter, safety and supplies. Researchers are predicting 19 named storms this year, and FEMA (Federal Emergency Management Agency) has posted some important operational guidelines on its website (fema.gov).
To paraphrase a famous expression: When the going gets tough, the scammers get going. Scammers are even identifying themselves as bank employees to steal information and cash.With COVID-19, the fraudsters are out in force, seeking to take advantage of the widespread anxiety generated by the global pandemic.
Although scam artists are working year-round to steal your identify and compromise your personal information, tax season seems to bring out the worst. Scammers are looking to steal tax documents, file fraudulent returns in victims’ names, and extort payment with false threats of IRS action due to outstanding tax bills.