Boston, May 21, 2020 –The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020, and allocates money to sustain consumers and stimulate an economy battered by the storm of the COVID-19 pandemic. Unfortunately, fraudsters take advantage of periods of confusion and disruption, and they likely view the trillions of dollars made available through the CARES Act as an opportunity for them to steal. How can financial institutions prepare for the many instances of fraud that will be discovered?

Clients of Aite Group’s Fraud & AML service can download this 10-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

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