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“Bad actors” haven’t sheltered in place, it seems. So found the U.S. House of Representatives Committee on Financial Services, which met with experts this week to hear testimony on fraudulent acts, particularly in cybersecurity and financial schemes. The COVID-19 pandemic apparently has brought even more schemes to light, especially as people have moved online to do business, the committee found.

In fact, according the Federal Bureau of Investigation, the number of cybersecurity complaints has spiked to 4,000 a day from 1,000 complaints a day four months ago. And those four months’ worth of complaints are almost more than reported for all of 2019.

In addition, a May 2020 survey of financial institutions found 80% reported a 238% increase in cyberattacks compared to last year.

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