WASHINGTON (3/2/16)--The U.S. Internal Revenue Service (IRS) is warning payroll and human resources professionals to beware of an emerging phishing email scheme that tries to trick companies into releasing the personal information of employees.
The emerging scheme is part of a surge in phishing emails seen this year. The IRS says it already has claimed several victims as payroll and human resources offices mistakenly email payroll data, including W-2 forms, that contain Social Security numbers and other personally identifiable information to cybercriminals posing as company executives.
Criminals using stolen personal information seek to monetize data, including by filing fraudulent tax returns for refunds.
See the IRS alert here.
The IRS recently renewed a wider consumer alert for email schemes after seeing an approximate 400% surge in phishing and malware incidents so far this tax season and other reports of scams targeting others in a wider tax community.