With the rise of the COVID-19 pandemic, many Americans are feeling vulnerable -making them prime targets for scammers. There has been an increase in coronavirus-related scams, with fraudsters selling fake “cures” for the virus and impersonating doctors and telling victims that they need to make payments to cover the cost of a loved one’s treatment.
There has also been an increase in Social Security fraud, with scammers calling, emailing, or sending letters to beneficiaries to tell them their monthly checks have been suspended because of COVID-19. Scammers then tell you that you need to provide your personal information or make a payment to get your benefits reinstated. If you get a call, email, or letter from someone saying you need to provide your Social Security number or bank account information or make a payment in order to receive your stimulus check, do not respond.
This information was obtained from The Motley Fool.