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Facebook is offering $100 million in cash grants to businesses affected by the coronavirus pandemic. Eligible applicants can receive a grant worth about $3,300, announced the company’s official blog, and, picked up by major media outlets, the news quickly spread. Unsurprisingly, cybercriminals wasted no time hatching schemes to exploit this largesse.
Knowing many had heard about the grants but banking on few having absorbed the details, cybercriminals presented the news as if Facebook was handing out money to all users of the social network affected by COVID-19.
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