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New Scam Targets Tax Professionals

New Scam Targets Tax Professionals

Security Summit Issues Warning About a Two-Stage Email Phishing Scheme

The Internal Revenue Service today announced a new email scam from cybercriminals that targets tax professionals. Using a two-stage process, this latest phishing scheme attempts to collect private data from tax preparers.

In the first stage of the email, the criminals pose as a potential client looking for someone to prepare their taxes. The IRS says that, in some cases, these emails may appear on the level: they could come from a seemingly “legitimate sender or organization (perhaps a friend or colleague) because they also have been victimized.” These emails state “I need a preparer to file my taxes” and include several questions in an attempt to establish authenticity.

Responding triggers the second stage: a follow-up email containing either an embedded link or attached PDF. Clicking on either the email or PDF link collects the tax preparer’s password and possibly other sensitive data.

If you receive one of these emails, the Security Summit has advice: “never respond to or click on a link in an unsolicited email or PDF attachment from an unknown sender.” Cybercriminals use private information to impersonate taxpayers and file fraudulent returns so they can collect refund money; in past years, they have illegally claimed billions of dollars from the IRS.

Visit Protect Your Clients; Protect Yourself to learn more about how the Security Summit is increasing awareness of tax-related identity theft.

Source: Internal Revenue Service

 

Ryan Norton

Whether designing superheroes, penciling caricatures, or just doodling, I always knew I was going to earn some sort of art degree while in college. That was my goal before I decided to trade Edgar Degas for Edgar Allan Poe during a Freshman English class. The BA in English soon morphed into a double-major in English and Philosophy, eventually becoming an MA in English. It only makes sense that I learned of a writing opportunity for a local marketing firm while teaching a first-year college English course. Before I knew it, I was writing and editing tax-related articles for Taxing Subjects, and this has been my home since 2014.