Tax season is underway, and that means your tax refund—and your identity—are in play for identity thieves out to make easy money.
Tax identity theft is a fast-growing crime, impacting more than 260,000 victims a year and costing the IRS more than $3 billion in fraudulent tax refunds.  In 2016 alone, the IRS reported a 400 percent surge in phishing and malware incidents related to the crime. 
"Tax refund fraud is a reality for a whole lot of Americans," said Adam Levin, chairman and founder of CyberScout, formerly IDT911. "It is caused by the tidal wave of useable data that has been or soon will be stolen by hackers.”
Taxpayers can protect themselves by learning how to spot some of the most common scams criminals use to steal valuable personally identifiable information. Here’s a quick breakdown of scams:
It’s important for taxpayers to remember that the IRS first contacts people with a letter in the mail if there is an issue with tax payment. The agency will never initiate contact through email or social media. Nor will it ever demand immediate payment of taxes or make threats to involve local police for not paying.
Follow these five tips to protect yourself:
Report scams to email@example.com
Take action now before identity theft strikes. Check with your providers. You already may receive proactive identity management services from CyberScout through your insurer, financial institution or employer.
Copyright 2018 CyberScout