Tag: tax

Another Tax Season, More Scams
KnowledgeProtectionSecurity

Another Tax Season, More Scams

It’s the start of tax season. This is the time of year when we collect our receipts and tax forms and hope for a nice big refund from the U.S. government. Unfortunately, cybercriminals are also looking for a nice big score as well. This year is going to be worse than ever, as many people have been struggling to make ends meet during the pandemic and are really looking forward to that refund. According to an article by Bleeping Computer, taxpayers are being targeted with phishing attacks with RAT malware that is more aggressive than ever before. And with the new extended deadline, this only means these cybercriminals will use every social engineering technique in the book. As unemployment has skyrocketed...

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hackers love tax season
PreventionProtection

Who loves tax season besides accountants? Hackers

Who loves tax season besides accountants? Hackers  It’s tax time in the United States, and even if you’re pretty sure you did everything right, you’re worried. Did I file correctly? Did I claim the right deductions? Will I get audited? Unfortunately, tax season brings out scammers eager to take advantage of your anxiety. The tax scam landscape First, know that you’re probably doing a good job with your taxes. Less than 2% of returns get audited and most discrepancies or adjustments can get handled easily if you address them promptly. Still, wariness of the IRS and intricate tax laws makes for ripe pickings when it comes to hackers, who prey on people’s fear of audits and penalties. Common scams...

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Don’t Let Tax Fraud Ruin Your IRS Refund
moneyPreventionProtection

Don’t Let Tax Fraud Ruin Your IRS Refund

Don’t Let Tax Fraud Ruin Your IRS Refund Here’s how to lock down your data this tax season Tax season is always a high time for scams that put our money and information at risk. But this year securing your data may be more important than ever, due to a spike in unemployment fraud. Millions of Americans have lost their jobs over the course of the pandemic, and states have seen a surge in unemployment applications, including fake claims using stolen information. In California, authorities report that between $10 billion and $30 billion was recently paid in fraudulent unemployment claims, while in New York authorities identified $5.5 billion in fake jobless claims since March of 2020. Victims don’t even...

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tax scams that target seniors
SCAMElderlymoney

How to Spot, and Prevent, the Tax Scams That Target Seniors

How to Spot, and Prevent, the Tax Scams That Target Seniors Elderly scams cost seniors in the U.S. some $3 billion annually. And tax season adds a healthy sum to that appalling figure. What makes seniors such a prime target for tax scams? The Federal Bureau of Investigation (FBI) states several factors. For one, seniors are typically trusting and polite. Additionally, many own their own home, have some manner of savings, and enjoy the benefits of good credit—all of which make for an ideal victim profile. Also according to the FBI, elders may be less able or willing to report being scammed because they may not know the exact way in which they were scammed, or they may feel...

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