As part of its “Don’t Take the Bait” campaign, the IRS is warning tax professionals of emails that target employees’ W-2 forms, following a fourfold increase in such cases during the 2017 filing season. The scam, called business email compromise (BEC), “is one of the most dangerous phishing email schemes trending nationwide from a tax administration perspective,”…
Tag Archives | fraud
By Vertaccount Admin on August 4, 2017
How to Avoid Online Fraud
Fraud differs from identity theft. Stealing one’s identity involves stepping into another’s shoes, actually opening accounts and loans, and then not paying. Fraud is stealing one’s funds through forgery and/or use of unauthorized credit cards. Conducting business over the internet exposes merchants to the greater risk of losses due to fraud. Therefore, risk management and…