It’s tax season, and scammers are a step ahead of filers, Microsoft says

It's tax season, and scammers are a step ahead of filers, Microsoft says

March 20, 2024 at 03:38PM

Microsoft has uncovered a clever phishing scheme targeting early tax filers in 2024. The scam involves an email claiming to contain tax returns and leads users to a fake website. Once downloaded, it installs malware to steal account credentials. Microsoft warns taxpayers to be cautious, especially certain vulnerable groups, and suggests ways to avoid falling prey to these phishing attacks.

Based on the meeting notes, here are clear takeaways:

– Microsoft reported a crafty 2024 phishing expedition that preys on early tax filers, using malicious email campaigns containing attachments that lead to phony websites aiming to steal sensitive data.
– The scam targets specific vulnerable groups such as Green Card holders, small business owners, new taxpayers under the age of 25, and older taxpayers over 60.
– Scammers use images from legitimate third-party processor websites and frequently promise hefty tax returns to lure victims into clicking on malicious links and entering personal information.
– Taxpayers are more likely to fall victim to these scams due to their familiarity with sending sensitive data to IRS, accountants, law firms, and online tax filing services.

Additionally, Microsoft recommends individuals to inspect sender’s email address, verify contact info, be cautious of generic greetings, avoid sending sensitive details via email, avoid clicking unexpected links, and consider using multi-factor authentication.

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