“Cybercriminals know you’re scrambling to get your taxes done. Be careful; they are out to steal your identity and your money!”
Glenn Baruck, The eDot Family of Companies
If you are like many Americans and me, just about now, you are scrambling to gather and organize all of your tax documents so you can file your taxes on time. In the meantime, while you are getting things together, cybercriminals are getting organized, too, as they implement the latest tax season scams to gain access to your identity and potentially your money. Tax fraud and tax scams are big business, as evidenced by the $2.3 billion in tax fraud identified by Internal Revenue Service in 2020 based on their 2020 Fiscal Year Annual Report. This article from Morgan Stanley provides excellent insight and tips on protecting yourself from these cybercriminals and what to do if you become a victim.