As the Pandemic Continues, Taking Precautionary Measures to Stop The Spread
In a report released by the officials of Pennsylvania Department of Banking and Securities, the tactics employed by these scammers include the creation of an atmosphere of urgency and limited time offers, secrecy and the prompt not to tell anyone, low or minimal risks with guaranteed high returns, and unsolicited offers in terms of calls, social media posts and emails.
It is also expected that the scammers will possibly impersonate legitimate companies, using cloned websites and email addresses to trick members of the public. With the fear and uncertainty that is continuing during COVID-19, it is advisable that the people ensure that they stay at alert and watch out for these schemes.