Targeted email attacks federal taxes likely to peak before the extended May 17 deadline, a new study has argued.
Security firm Epnormal Security has used historical data analysis combined with its own attack detection processes to find the expected rise malicious email activities – and it is coming soon.
So far this year tax-related attacks have followed a similar trend until 2020, when they have declined since the follow-up (59% in 2020 and 60% in 2021). The number of attacks then rises again, leading to a new deadline, up 122% last year, 10 days before the government’s revised deadline.
Not surprisingly, the number of malicious emails starts to increase in early March as individuals finalize their messages account and receive the tax return documents in order before filing them Tax return. For 2021, it was followed by a significant increase in malicious email activity following the government’s decision to continue in March tax return deadline as a result of a coronavirus pandemic.
According to abnormal security findings, the attacks follow similar themes and patterns. More than 60% harmful tax attacks were targeted attempts to conduct phishing scams. Criminals seek to gain access to personal information, which is still the most common practice, but also malware and the use of electronic messages for intelligence and scam attacks.
Common topics used by fraud include reporting the user’s status Tax return, outlining new tax credits or trying to raise issues with existing returns. In addition to this, criminals introduce tax collectors or ‘trick them’ into offering people to entice to share tax-related identity card information.
Although almost 100% of attacks are targeted at individual mailboxes rather than group mailboxes, the study also highlighted that tax-related email attacks more commonly distinguish VIP employees than tax-related electronic attacks.
The study also found how many of their examples showed that attackers acted as internal resources and workers to provide valuable tax-related information which could be used for criminal activities.