Tax Season Cyber Threats: Protect Yourself and Your Data

With tax season in full swing, it's crucial to be aware of the heightened risk of cybercrime. With over 174 million tax returns expected, cybercriminals are actively exploiting stolen personal information from data breaches and compromised devices. They can use this information to fraudulently obtain loans, open credit lines, or file fraudulent tax returns in your name. This surge in identity theft is fueled by readily available data on the dark web, as well as sophisticated phishing and vishing scams designed to trick individuals and businesses into revealing sensitive data.

Key Threats and How They Operate:

Data Breaches: High-profile breaches remain a significant source of stolen personal data.
Compromised Personal Devices: Cybercriminals can access sensitive information directly from unsecured home computers and mobile devices.
Phishing and Vishing: Scammers employ deceptive emails (phishing) and phone calls (vishing) posing as IRS agents to trick individuals and businesses into revealing sensitive data or making fraudulent payments.
Dark Web Activity: Stolen personal information is bought and sold on the dark web, enabling identity theft and tax fraud.

Essential Security Measures:

Strong, Unique Passwords/Passphrases: Use long, complex passwords or passphrases for all online accounts. Consider a password manager.
Multi-Factor Authentication (MFA): Enable MFA whenever possible to add an extra layer of security.
Software Updates: Keep all devices and software updated with the latest security patches.
Firewalls and Antivirus: Utilize built-in firewalls and reputable antivirus/anti-malware software.
Biometrics: Leverage biometric authentication (fingerprint, facial recognition) when available.
Caution with Digital Transactions: Exercise caution when conducting online transactions, especially when paying bills, renewing licenses, or filing taxes.
Awareness of Scams: Be vigilant against phishing and vishing scams. Never provide personal information or payment details to unsolicited callers or emails.

IRS Resources for Protection:

Individuals:

IRS Taxpayer Guide to Identity Theft: Comprehensive tips on identity protection and recovery.
https://www.irs.gov/newsroom/t...
IRS Security Awareness for Taxpayers (Publication 4524): Information on IRS efforts to combat identity theft.
https://www.irs.gov/pub/irs-pdf/p4524.pdf
IRS Tax Season Phone Scams: Guidance on identifying and avoiding vishing scams.
https://www.irs.gov/help/tax-s...

Businesses and Tax Professionals:

IRS Identity Theft Information for Businesses: Protect your business from fraudulent calls and identity theft.
https://www.irs.gov/newsroom/i...
Protect Your Clients; Protect Yourself: Guidance for tax professionals on safeguarding client data.
https://www.irs.gov/tax-profes...

Find helpful tips to protect yourself from cybercrime at our Cybersecurity Center!