Published Paper Details:

This paper aims to identify the common characteristics of pandemic-related fraud and any threats specific to pandemics and financial crises most similar to COVID-19 in modern times. The study's findings outline several novel crime types and tactics that have emerged during the 2020 COVID-19 pandemic and have never been seen before. Advances in technology, and operations by enforcement of law and government guardians. Many scams appear regardless of the state of the economy, but some specific scams, particularly internet scams, appear during pandemics. Similarly, economic crises uncover certain previously undetected scams, while economic crises drive scams that stem from and cause bankruptcies. The report examines primary data and secondary data. Primary data was collected from the questionnaire method using online Google forms and circulated in the Mumbai region. Secondary data were collected from different government records, journals, books, etc. What we can learn about the responses of individuals and organized crime to specific initiatives and other activities. These include social distancing, loan/mortgage freezes, retiree cash payments, capping cash payments in favor of contactless payments, greed for profit through the sale of health products, welfare fraud, identity abuse, IT fraud through data manipulation and telephone tariffs, corporate fraud payroll fraud, wage theft or dishonestly underpaying Employees, consumer fraud, insurance fraud and contractual dishonesty in non-return of deposits on bookings or non-repayment of government-guaranteed loans. The finding of the study investigates the trust factor of online payment and different fraud and we also measure the correlation between the trust factor and online payment. Scams using phishing and supply. Scammers pose as health organizations and businesses to get personal and financial information, as well as offer counterfeit COVID-19 test kits, supplies, vaccines, and remedies. Scams involving stimulus checks or economic help. According to reports, the government will assist in mitigating the virus's economic impact by giving money by check or direct deposit. The government, on the other hand, will not ask for a charge or personal or account information in exchange for the monies. Scams involving charities. Fraudsters solicit funds for fictitious or non-existent charities. Malware distribution via "virus-tracking apps" or sensationalized news reports. Scams involving service providers. Scammers pose as doctors or hospital employees and call victims, claiming to have treated a family member or friend with COVID-19 and demanding payment. Bank workers falsely claim that banks are restricting deposit access or that bank deposits are unsafe. Scams posing as "research papers" claim that publicly traded corporations' products or services may prevent, diagnose, or cure diseases. COVID-19.