Bloomberg Law
April 22, 2020, 9:15 AM

ANALYSIS: Covid-19 Scammers Threaten Firms’ Compliance Controls

Patty Tehrani
Patty Tehrani
Legal Analyst

For several weeks we’ve witnessed most of the world paralyzed by Covid-19. Unfortunately, the pandemic has not thwarted efforts by nefarious actors to prey on people’s fears and desperation. Scammers are increasingly targeting financial firms and their employees working from home, finding any opportunity to exploit vulnerabilities in telecommuting applications and platforms to carry out their crimes.

Below are some examples of these schemes, a discussion of the governmental response, and a list of recommended measures that firms can use to guard their compliance programs against them.

The Schemes

The Covid-19 schemes are taking many forms and using various methods—setting ...

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