Cyber criminals looking to cash in on U.S. disaster relief funds, claims FEMA

Over 4.7 million Americans, who suffered massive financial losses to hurricanes, wildfires, and other disasters, applied for disaster relief funds through the Federal Emergency Management Agency last year, but the agency suspects as many as 200,000 applications were probably filed by cyber criminals looking to cash in.

Cyber criminals are using data stolen during the Equifax data breach to apply for disaster relief funds in the names of real victims, thereby pocketing millions in cash.

As many as 4.7 million Americans applied for disaster relief funds in 2017 which, according to The Economist, signified a ten-fold rise in such applications compared to the previous year. This was mainly because the United States suffered sixteen natural disasters in the entire year that caused losses of over a billion dollars each.