US tax season fuels surge in email scams

The Internal Revenue Service said earlier this year it has noticed "an approximate 400 percent surge in phishing and malwar
The Internal Revenue Service said earlier this year it has noticed "an approximate 400 percent surge in phishing and malware incidents so far in the 2016 tax season"

As the US tax season draws to a close, authorities are warning of an alarming rise in "phishing" scams designed to steal sensitive personal and financial information.

The Internal Revenue Service said earlier this year it has noticed "an approximate 400 percent surge in phishing and malware incidents so far in the 2016 season," and warned of new fraud schemes that aim to get businesses as well as taxpayers to turn over personal information.

Phishing refers to fraudulent emails disguised to appear to come from associates or officials, and ask for information such as passwords or personal information that can be used for identity theft or other fraud schemes.

One of the newer schemes targets payroll and human resources professionals with fake emails which appear to come from company executives requesting personal information on employees, the IRS warned last month.

"In this scam, the 'CEO' sends an email to a company payroll office employee and requests a list of employees and financial and personal information including SSNs (social security numbers)," the IRS said.

The scam "has claimed several victims as payroll and human resources offices mistakenly email payroll data," the US tax agency said.

Another fraud scheme delivers messages to taxpayers telling them about a tax refund, aiming to dupe them into providing personal and , IRS officials said.

The are especially sensitive because they cannot be replaced and can lead to long-lasting damage from fraud schemes, security experts say.

Experts note that the phishing schemes can be doubly dangerous because they can not only steal but also plant malicious software on a user's computer.

"Yes, online criminals want to exploit innocent victims' personal tax details, and use them to file false tax returns," security consultant Graham Cluley said in a recent blog post.

"But on many occasions, the attackers will often simply use tax as a lure to trick users into endangering their computer's safety in the first place, before planting ransomware or other malicious attacks onto a victim's PC."

© 2016 AFP

Citation: US tax season fuels surge in email scams (2016, April 4) retrieved 24 April 2024 from https://phys.org/news/2016-04-tax-season-fuels-surge-email.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Snapchat, Seagate among companies duped in tax-fraud scam

7 shares

Feedback to editors