On Monday, December 28th, the United States Treasury’s Financial Crime Enforcement Network (FinCEN), sent a notice asking the financial sector to watch for and report COVID-19 vaccine fraud. FinCEN stated that the vaccine fraud may include the sale of unapproved and illegally marketed vaccines, the sale of counterfeit versions of approved vaccines, and illegal diversion of legitimate vaccines. Some criminals have already offered to provide the vaccine to individuals sooner for a fee. The notice also urged the financial sector to be on the lookout for ransomware attacks on distribution networks and the supply chains for the manufacture of vaccines. FinCEN detailed the proper procedures for reporting COVID-19 issues in the notice.
By Akshay Rohatgi and Randy Pargman About this Student Research Project Binary Defense’s mission is