Is Your Business Ready for Tax Season Security Challenges?
As a business owner, staying vigilant against scams and safeguarding personal and financial information is crucial, especially with tax season approaching. The Internal Revenue Service (IRS), in collaboration with state tax agencies and the tax industry, launched the 2023 National Tax Security Awareness Week with a focus on protecting against holiday scams and securing sensitive data.
Identity theft during this period is a significant concern. Cybercriminals are actively seeking opportunities to steal information for fraudulent tax returns. Here’s what you need to know to shield your business and your clients from potential threats:
Online Shopping Security
- When shopping online, ensure the website’s address begins with “https” for secure communication, and look for the padlock icon in the browser window.
- Avoid using unsecured public Wi-Fi for transactions.
- Keep security software on all devices updated and enable firewalls to prevent intrusions.
Passwords and Authentication
- Use strong and unique passwords for online accounts and implement multi-factor authentication whenever possible.
- Consider password management applications to securely store passwords.
- Change passwords regularly and avoid reusing them across different devices and applications.
Tips for Tax Professionals and Businesses
- Utilize separate personal and business devices and email accounts.
- Refrain from conducting business on personal devices and avoid sharing hardware between personal and business systems.
- Implement heightened security measures such as strong authentication when using cloud-based services.
Identifying Scam
- Be cautious of phishing attempts promising tax refunds or claiming issues with tax returns.
- Avoid clicking on links from unfamiliar or suspicious sources and report potential scams to the IRS at phishing@irs.gov.
- Beware of gift card scams related to tax payments; legitimate entities won’t request payments solely through gift cards or untraceable methods.
Mobile Device Security
- Ensure mobile phones and tablets are as secure as computers, especially when used for shopping or tax-related activities.
Taking these precautions can significantly reduce the risk of falling victim to identity theft or fraudulent schemes. By staying informed and implementing robust security measures, businesses can protect themselves and their customers from potential financial and data loss. Stay alert, stay secure!
If you’d like to discuss a strategy for your small business and help you with your taxes, Book your consultation with us today!
