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Massive Losses Define Epidemic of Pig Butchering

Big-three consumer credit bureau Experian just fixed a weakness with a partner website that let anyone look up the credit score of tens of millions of Americans just by supplying their name and mailing address. A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S. consumer data broker. The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasnt abated, although news coverage of the issue has largely been pushed off the front pages.”]

Source: https://krebsonsecurity.com/category/employment-fraud/

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