USA: FinCEN issues advisory for financial institutions to assist in preventing Coronavirus-related cybercrime
The Financial Crimes Enforcement Network ('FinCEN') issued, on 30 July 2020, an advisory ('the Advisory') to alert financial institutions of cybercrime and cyber-enabled crime connected to the COVID-19 ('Coronavirus') pandemic. In particular, the Advisory aims to aid financial institutions in detecting, preventing, and reporting potential Coronavirus-related criminal activity, and outlines the targeting and exploitation of remote platforms and processes, phishing, malware, and extortion, as well as business email compromise schemes. More specifically, the Advisory discusses unsolicited emails and digital manipulation of identity documentation, among other things, as well as providing financial institutions with information on how to deal with such security incidents.
You can read the Advisory here.