to a scam artist . Tax season is always a busy time for scammers seeking to gain accessAttack.Databreachto sensitive information , but this year attacks are coming earlier and in greater numbers than usual . The uptick has caused the IRS to release an urgent alert warning employers to be on the lookout for what they 're refering to as `` one of the most dangerous email phishing scamsAttack.Phishingwe ’ ve seen in a long time . '' By using email spoofing techniques , criminals are able to draftAttack.Phishingemails that look as though they are coming directly fromAttack.Phishinga high-level executive at your organization . They sendAttack.Phishingthe message to an employee in the payroll department or HR and include a request for a list of the organization 's employees along with their W-2 forms . Their initial goal is to use the W-2 information to file fraudulent tax returns and claim refunds . But not all criminals are stopping there . Once they 've found a responsive victim , a portion are also following up with additional email requesting a wire transfer be made to an account they provide . Also referred to as business email compromise (BEC)Attack.Phishing, these attacksAttack.Phishinghave claimed more than 15,000 victims and cost organizations more than $ 1 billion over the past three years . More than 100 organizations have already fallen victim to W-2 phishing scamsAttack.Phishingin 2017
You may have heard of the CEO scam : that ’ s where spear-phishers impersonateAttack.Phishinga CEO to hit up a company for sensitive information . That ’ s what happened to Snapchat , when an email came inAttack.Phishingto its payroll department , masked asAttack.Phishingan email from CEO Evan Spiegel and asking for employee payroll information . Here ’ s a turn of that same type of screw : the Internal Revenue Service ( IRS ) last week sent out an urgent warning about a new tax season scam that wraps the CEO fraud in with a W-2 scam , then adds a dollop of wire fraud on top . A W-2 is a US federal tax form , issued by employers , that has a wealth of personal financial information , including taxpayer ID and how much an employee was paid in a year . This new and nasty dual-phishing scamAttack.Phishinghas moved beyond the corporate world to target nonprofits such as school districts , healthcare organizations , chain restaurants , temporary staffing agencies and tribal organizations . As with earlier CEO spoofing scamsAttack.Phishing, the crooks are doctoring emails to make the messages look likeAttack.Phishingthey ’ re coming fromAttack.Phishingan organization ’ s executive . SendingAttack.Phishingthe phishing messages to employees in payroll or human resources departments , the criminals request a list of all employees and their W-2 forms . The scam , sometimes referred to as business email compromise (BEC)Attack.Phishingor business email spoofing (BES)Attack.Phishing, first appeared last year . This year , it ’ s not only being sent to a broader set of intended victims ; it ’ s also being sent out earlier in the tax season than last year . In a new twist , this year ’ s spam scamwich also features a followup email from that “ executive ” , sent toAttack.Phishingpayroll or the comptroller , asking for a wire transfer to a certain account . Some companies have been swindled twice : they ’ ve lost both employees ’ W-2s and thousands of dollars sent out via the wire transfers .