During last year’s tax season, the IRS warned of a 400% increase in phishing and malware attacks, which contributed to an estimated $21 billion of taxpayer money lost to fraudulent tax returns. This was 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, offering practical guidelines for preventing your company from becoming the victim of an attack.
Read the full Client Alert.