How scammers could use the scare to steal your money

Airline check in staff wear face masks to protect against the spread of the Coronavirus at the Los Angeles International Airport, California, on January 29, 2020.

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Airline check in staff wear face masks to protect against the spread of the Coronavirus at the Los Angeles International Airport, California, on January 29, 2020.

The health of your wallet could be at risk as the new coronavirus spreads to new parts of the globe.

Consumers are warned that they could soon be inundated with fake products, phony stock deals, fabricated emails, texts and social media posts that are designed to steal money and personal information. 

Fraudsters love to play into our fears.

Michigan Attorney General Dana Nessel and the Michigan Department of Health and Human Services warned that scammers could be asking for donations for potential victims, providing advice on unproven treatments or providing phony information via social media. 

The threat of the coronavirus is real, Nessel said in a statement, but there have been no confirmed cases in Michigan.

The U.S. Securities and Exchange Commission also issued an alert to warn of investment schemes that could pitch products or services that will be used to help stop the coronavirus outbreak.



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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.