Taxpayers beware of Phishing and Smishing Scams

In today's digital age, both individuals and business owners need to stay vigilant against the rising tide of phishing and smishing scams. These cybercriminals are increasingly sophisticated, often masquerading as reputable organizations like the IRS to steal sensitive financial and personal information. By sending unsolicited emails or text messages, scammers lure unsuspecting victims into divulging valuable details, potentially leading to identity theft or malware infections on personal or company devices.

Phishing and smishing are the two primary tactics employed by these fraudsters. Phishing involves sending emails that appear to be from legitimate sources. These emails often contain persuasive or alarming content designed to trick recipients into providing sensitive information, such as passwords or bank details. On the other hand, smishing utilizes text messages, typically featuring urgent language like "Your account has been put on hold," along with a link to "restore" the account. These links are fraudulent and can grant scammers access to the victim's device and the information stored on it.

To protect yourself from these threats, it's crucial to remain cautious and skeptical of unsolicited communications. Avoid clicking on any unexpected links or providing personal information in response to such messages. Implementing two-factor authentication (2FA) can add an extra layer of security, making it harder for scammers to compromise your accounts. Remember, the IRS will never send unsolicited emails or texts asking for personal information. If you encounter a suspicious message, do not respond or click any links. Instead, report the incident to the IRS, which can investigate and take action against these cybercriminals. Staying informed and adopting robust security practices are your best defenses against phishing and smishing scams. By doing so, you can protect your personal and financial information from falling into the wrong hands. For more information, please contact The Center for Financial, Legal, & Tax Planning, Inc. professionals at (618) 997-3436.