Article

Don’t Get Caught by the Phisherman’s Hook this Tax Season

FEI Daily

23 Feb 2017

During tax season last year, the IRS warned of a 400 percent increase in phishing and malware attacks, which contributed to an estimated $21 billion of taxpayer money lost to fraudulent tax returns, up from about $6.5 billion lost in 2014.  Studies of last year estimate that successful phishing attacks cost victim companies, on average, $1.6 million per incident in response costs.

Here, Miriam Wugmeister and Robert Baehr outline the most common types of phishing attacks during tax season, and offer practical guidelines for preventing your company from becoming the victim of such an attack.

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