Organizations should prepare for a post-pandemic fraud landscape that is rampant with transactional organized crime groups capable of attacking from anywhere around the world. In the past year and a half, these organized groups have adapted to a world with restricted travel and closed borders by migrating to the cyberworld. These groups are heavily engaged in criminal activities such as loan sharking; counterfeiting of durable medical equipment; and fake cure scams, malware attacks and exploitation of the elderly.

In this article, we highlight pandemic-related cybercrimes and provide five strategies that can help organizations strengthen their fraud prevention practices.