Tax season in the US is just a few months away, and companies are already working on compiling and distributing the W-2 forms and other tax-related information to prepare for filing. As you may have guessed, the criminals are also thinking about tax season and working out ways to steal your identity, sensitive information, and hard-earned tax refunds.If a W-2 attack is successful, the victim may suffer multiple incidents of identity theft due to the data being sold to other criminals via the dark web. Click To Tweet
Why the W-2 form?
The W-2 tax form is a responsibility of every employer engaged in a trade or business that pays for services performed by an employee, and nearly every employee in the United States receives one of these each year. These W-2 forms detail the employee's name, address, Social Security Number, wages, tax deductions, and other personal information. Cybercriminals and tax scammers want this information so they can steal your identity, file fraudulent tax returns or sell it on dark web. With your W-2 in hand, these criminals can generate multiple streams of income from a single identity. There are details here if you'd like to learn more about W-2 forms
Olesia Klevchuk is a Senior Product Marketing Manager for email security at Barracuda Networks. In her role, she focuses on defining how organizations can protect themselves against advanced email threats, spear phishing and account takeover. Prior to Barracuda Olesia worked in email security, brand protection and IT research.