For Cyber Attackers, Tax Filing Deadline is Where the Real Fun Begins!

Tax filing season is one of the most popular times of year for identity theft, but the deadline is only the first day of a much more serious threat. Learn why and what you can do to avoid taking the bait!

Tax season is by far one of the busiest times of year for cybercriminals. The earlier stages of the filing period spanning January 1 through April 15 are widely plagued by identity theft, financial scams, and social engineering designed to extort money. The assortment includes phishing attacks, rogue filing agents, tax filing fraud, and a garden variety of malware nuisance like drive-by ransomware infections.

And this year is no different; fraudsters have indeed been very busy. Security researchers have been seeing as many as 100,000 IRS-themed email scams every two weeks in the U.S alone. Other countries are widely affected by the same phenomena, adapted to their own tax authorities, such as Canada, the UK, Australia and South Africa, to name a few.


While tax filing season does have a deadline, cybercriminals don’t. Not only do the scams not stop on April 15, but the day after the deadline marks the beginning of a significantly more dangerous time for organizations, in terms of tax-themed malware deliveries. The reason for this is that once the lion’s share of filing has been done, tax filers are more likely to believe that they are being sent a report or response from their tax authority, lowering their level of suspicion regarding the download and launching of an email attachment, for example.


Comments

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