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TMCNet:  How Companies Can Stop Thieves in the Race for Your Tax Return

[March 15, 2017]

How Companies Can Stop Thieves in the Race for Your Tax Return

AUSTIN, Texas, March 15, 2017 /PRNewswire/ --�It's unfortunately common this time of year for individuals to file their taxes only to find out that someone has already claimed their return. This type of identity theft can be upsetting, but it may be even more upsetting if they found out their identity was stolen not through a fault of their own, but due to their employer falling victim to a scam.

Savvy cybercriminals are using business email compromise schemes, or "spear-phishing" tactics, to acquire personally identifiable information (PII) through employers. They spoof an email address or phone number to make it look like they are someone from the company's human resources management company or accounting firm � or even someone from within the company itself � and ask for employee W-2s. Once they have the W-2s, they are able to steal employees' identities.

This year, the IRS warned that cybercriminals are widening their target scope from just large corporations to smaller organizations, such as nonprofits and school districts. According to the

Employers can protect themselves and their employees by:

  • Educating employees on email best practices
  • Never sharing PII over the phone or via email
  • Reporting suspicious behavior

The IRS has asked employers who receive�phishing emails to forward them to phishing@irs.gov. Employers must remember that as technology evolves, so do fraudsters. The best defense against fraud during tax season is to be wary of anyone asking for sensitive information and to report any suspicious behavior.

About the Association of Certified Fraud Examiners
With more than 80,000 members, the ACFE is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. For more information, visit ACFE.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/how-companies-can-stop-thieves-in-the-race-for-your-tax-return-300422647.html

SOURCE Association of Certified Fraud Examiners


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