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12/29/2020

FinCEN Issues Warning About COVID-19 Vaccine Scams, Cyberattacks

PYMNTS.com

As the distribution of the COVID-19 vaccine continues to roll out to medical workers and high-risk populations, the Financial Crimes Enforcement Network (FinCEN) is asking financial institutions to be extra vigilant when it comes to cybersecurity. 

“Already, fraudsters have offered, for a fee, to provide potential victims with the vaccine sooner than permitted under the applicable vaccine distribution plan,” FinCEN said in a statement on Monday (Dec. 28).

“In addition, cybercriminals, including ransomware operators, will continue to exploit the COVID-19 pandemic alongside legitimate efforts to develop, distribute, and administer vaccines,” according to the agency.

There have already been ransomware attacks aimed at medical research facilities working on vaccinations. FinCEN said similar attacks could be launched to disrupt the vaccine supply chain and delivery operations.

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