May 26, 2022

The Internal Revenue Service (IRS) issued warnings about a fresh wave of stimulus scams in the summer of 2021, which coincided with the completion of the third tranche of payments made under the American Recovery and Reinvestment Act.

Fraudsters were sending out messages and emails to their targets, informing them that they were entitled to a “stimulus payment” and that all they had to do to collect it was click on a link with a suspicious URL and provide some personal information about themselves.

 

In actuality, it was nothing out of the ordinary.

Since the CARES Act began disbursing the first wave of payments in 2020, some form of this scam has been taking place on a regular basis. Unfortunately for criminals, the American Rescue Plan Act was the largest spending bill in history, and as the size of the pot increased, so did the number of scammers attempting to swindle every penny out of it.

Once the deadline for filing your tax returns for 2021 approaches, it’s critical to remain watchful as cybercrooks launch a new wave of attacks that combine conventional IRS frauds with new-school stimulus fraud.

The past two years have been a gold mine for con artists.

In the last two years, there has been an unprecedented transfer of wealth from the government to the people — and innumerable scammers have positioned themselves in the middle of the process to siphon off every dollar they can get their hands on for profit.

According to CNBC, by the time the year 2021 came…

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