The tax season deadline in the U.S. is April 15, 2020, and that means scammers are officially on the prowl for unsuspecting tax fraud victims. Attackers are utilizing both time-tested and new techniques to collect tax information and personal data from victims and target individual and corporate accounts.
No one is immune from tax season risks, and most of us share a healthy respect for the Internal Revenue Service (IRS). Scammers rely on fear and stress to coerce individuals and employees into making same-day tax payments or releasing sensitive information. Everyone’s at risk of tax identity theft and social engineering fraud, but financial institutions need to be on particularly high alert for social engineering, vulnerabilities and ransomware attacks.