IBM X-Force researchers saw a 6,000% increase in tax-related spam emails leading up to Tax Day 2017. That's significant because tax fraud season does not end on April 18.
The IBM researchers see this increase and other factors as evidence that cybercriminals are not slowing down their attacks. Exacerbating the threat is the fact that last year, 54 million Americans (one-third) filed taxes after April 1.
This year's extended deadline gives cybercriminals even more leeway to execute their tax fraud schemes. IBM X-Force stressed that it's especially crucial for consumers to stay vigilant in protecting their online identities over the next month.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
