With plenty of scams to go around, cybercriminals are tapping into news events to formulate new tactics. Just like the emails copying the events around the Colonial Pipeline ransomware attack, criminals are using the nationwide American Rescue Plan Act as bait, and thousands are being scammed.

The U.S. government is continuing to support Americans with financial help due to the pandemic, and the latest round of support will be mailed out next month. These payments are different from the previous stimulus checks, as these are advances of the child tax credit.

The IRS will send the funds directly, and scammers are already coming up with ways to get their hands on your money. Keep reading to find out how they are targeting your finances.

Here’s the backstory

With payments going out soon, scammers are ready to trick and confuse recipients. They are always after your money and can also launch attacks to steal personal information. Sending out bogus emails disguised as IRS correspondence, cybercriminals hope that you will click on a malicious link. Or flat-out scammed.

They might even be as brazen as calling potential victims, urging them to give out personal information over the phone. This is usually done to “verify” the resident or recipient of the checks but is nothing more than nefarious.

“When money…

Read more…