Intercash Scam Safety: COVID-19 Scams Targeting Businesses

Updated: Jan 21, 2021

November 18, 2020 - In the latest edition of Intercash Scam Safety, we’ll take a look at how fraudsters and scam artists are taking advantage of the current COVID-19 outbreak. Many of today’s criminals are conning businesses into handing over their hard-earned money. While scams and payment fraud are always a threat, the fear and misinformation surrounding the coronavirus provides criminals with a new way to get into your wallet. In this article, Intercash Scam Safety will take a closer look at some of the COVID-19 scams to watch out for and how to ensure you protect your business.

No matter the industry, It’s always important to be on the lookout for scams. Fraudsters can come up with countless clever cons to trick you into giving them your money. This sort of criminal activity is becoming even more common amid the ongoing health crisis. This is because people are working from home and interacting far less with one another in an effort to prevent the spread of the disease. This dip in interaction and communication can lower your awareness of these scams. It’s important to follow Intercash Scam Safety for the latest tips and tricks. During these challenging times, educating yourself about potential scams is the first step toward preventing them.

The following is a list of the more prominent COVID-19-related scams currently being utilized by fraudsters:

Fake COVID-19 test kits and vaccinations

There is a steady increase in the number of scams related to COVID-19 test kits and vaccinations. Fraudsters are taking advantage of business owners simply looking to keep their employees and work environment safe from a COVID outbreak. While the vaccination process is slowly making progress on a global scale, this will take time. If you receive any form of communication (call, email, text, mail) with claims to sell you these items – it’s most likely a scam.

Selling ineffective safety products

With the ongoing health crisis, there are several important products required for companies to maintain a safe work environment. Keeping a full supply on things such as face masks, hand sanitizer and air filters is a growing concern among businesses. Naturally, fraudsters are taking advantage of these safety concerns. There are many products being sold as essential safety measures, yet are not effective or do not meet official safety policies. Be sure to complete a thorough investigation of your safety needs before you even begin discussing with a supplier.

Fake COVID-19-related charities seeking donations

Another growing trend among fraudsters and scammers is to pose as a legitimate charitable organization seeking donations. They will often request funds in support of COVID-19 victims or to continue research of the virus. Corporations are a popular target for this type of scheme as they tend to make larger contributions. It is also commonplace for them to be contacted by an organization seeking a corporate donation. Be wary of any charitable organization contacting your company for money. If you do want to donate to a charity, be sure to review the organization’s website beforehand. This way you can ensure its legitimacy before moving ahead with a contribution.