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With chaos at banks, criminals launch new scam

Here's how to avoid becoming a victim

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Flaws in the system for companies seeking loans from the effects of the coronavirus pandemic could easily create a field day for hackers and criminals, according to cybersecurity experts.

If you receive a call from someone alleging to be from a bank where you applied for a loan, asking a few simple questions can help you avoid falling for the scam and providing your private information. Ask the caller on what date did you apply for the loan and how much money did you apply for.

Watch the video above to learn more about how the system and scam work.