A man out of Naples, FL came forward today and admitted he stole millions In COVID relief funds.
$2.6 million to be exact, according to News Channel 8. The U.S. Department of Justice said, 35-year old Daniel Tisone used these COVID-19 relief funds to purchase boats, houses, & even an engagement ring.
How was he able to splurge the way he did? Well, Tisone was submitting false paperwork for three different applications, those being, Main Street Lending Program, Economic Injury Disaster Loan & PPP. He falsified his how much revenue his business was making, average payroll on a monthly basis, employees, & criminal history.
He’s looking at 30 years in federal prison, 10 years for possession of ammunition & another 10 for illegal monetary transaction count.
10 Most Common Cybercrimes According to the FBI
Cybercrimes continue to grow in number. The FBI’s Internet Crime Complaints Center (IC3), founded in 2000, received an astounding number of complaints in 2020: 791,790. The loss associated with these complaints was staggering, coming in excess of $4.1 billion.
To help provide a clear picture of cybercrime and its impact, Twingate looked at data from the FBI’s IC3. The top-10 crime types with the highest monetary losses were selected from the FBI’s Internet Crime Complaints Center’s (IC3) Internet Crime Report 2020. The number of total victims was also included for each of the 10 crime types.
An IC3 analyst reviews and categorizes each of these complaints. The top cybercrime reported to the IC3 in 2020 was phishing/vishing/smishing/pharming. There was a significant amount of fraud around the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The age group with the highest rate of victimization, according to the number of complaints, were those over 60 with 105,301, with a total loss of $966,062,236.
While cybercrime is extremely prevalent, continued awareness surrounding online activities remains critical to protect yourself. Read on to find out more about the top cybercrimes in 2020 and what steps you can take to stay safe.