CNBC's Leslie Picker reports on the rise in unemployment insurance fraud during the Covid-19 pandemic. For access to live and exclusive video from CNBC subscribe to CNBC PRO: [ Ссылка ]
As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal cash directly from recipients’ accounts, according to an investigation by CNBC.
When one single mother’s account was emptied, she had to crack open her child’s piggy bank to survive. Another victim choked up when telling CNBC how she left a grocery store empty-handed. A musician said he had to live in his car for a few weeks after his funds were stolen.
At the heart of the issue is the technology that underpins most of the debit cards used to distribute unemployment insurance in certain states, experts say. Unlike standard consumer debit cards, government-prepaid cards often lack a chip — instead they use outdated magnetic stripe technology — making them easier for hackers to penetrate.
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