Regulatory Alerts2020-07-30
Advisory on Cybercrime and Cyber-Enabled Crime Exploiting the Coronavirus Disease 2019 (COVID-19) Pandemic
The Financial Crimes Enforcement Network (FinCEN) issued this advisory to alert financial institutions to cybercrime and cyber-enabled crime schemes exploiting the COVID-19 pandemic. The document details red flag indicators for malicious activities including remote identity manipulation, phishing, malware, extortion, and business email compromise targeting healthcare and municipal sectors. FinCEN requires institutions to reference specific key terms and select designated fields when filing Suspicious Activity Reports to facilitate the detection and reporting of these illicit transactions.
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