Protect Your Business During Tax Season

protect your business during tax season

Between Winter and Spring there is another season that brings its own highs and lows, tax season. This is when hackers think that businesses are at their most vulnerable. These bad actors will pull out every trick up their sleeve in an attempt to steal identities, data, and money.

Being aware of the warning signs and red flags can be the first barrier to an incoming data breach attempt.

Phishing Scams

In Canada, the Canada Revenue Agency (CRA) is constantly being used by hackers in an attempt to scam citizens and business owners. During income tax season, be on the lookout for emails that include links and ask for personal or financial information. The CRA will never ask for that kind of information over email or text.

In America, “the IRS is warning citizens about emails that look like they are coming from the agency but are phishing attempts that are aimed at getting harmful software into a PC or a server.”

For more information on phishing scams, check out our blog here.

Identity Theft

One of the worst things that can happen to you, and your credit score, is identity theft. This year, the IRS is receiving an alarming number reports of attempts to obtain employees’ W-2 forms with the hope of stealing personal information and identities. In the scam, a potential thief poses as a company executive, sending an email from an address that might look legitimate, and requests a list of employees and their W-2s.

The IRS will never initiate contact people via email.

Tips for Protecting Your Business Information and Data: 

  • Conduct vulnerability tests and risk assessment plans
  • Data backup (MacWindows 10)
  • Data encryption (MacWindows 10, Linux)
  • Employee education (see our resources here)
  • Get insurance

Tax season is already a historically stressful time, try to do everything in your power to make sure it’s smooth sailing.