PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

As the Tax Deadline Looms, Cybercriminals Ramp Up Phishing Attacks

By Wesley Grant
April 7, 2025
in Analysts Coverage, Cyberscams, Fraud & Security
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
tax phishing

Concentrated woman dressed casually calculating bills, sitting at kitchen table with laptop, calculator, papers and mobile, holding white cup and passing it to her husband, who is standing behind her

For years, criminals have attempted to impersonate the U.S. Internal Revenue Service (IRS), tax preparation services, and other entities during tax season.

However, this year, cybercriminals present an even greater threat due to increasingly sophisticated technology, according to Microsoft. The tech giant reported discovering several tax-themed phishing campaigns designed to deliver malware or remote access trojans (RATs) to unsuspecting users.

In one example, emails with subjects like “Notice: IRS Has Flagged Issues with Your Tax Filing” or “Unusual Activity Detected in Your IRS Filing” included attached PDFs containing embedded links. When users clicked these links, they were redirected to a phony DocuSign website that evaluated their system and IP address—potentially installing malware that could be exploited in future attacks.

“I think a huge part of this is generative AI, which is making these emails way more convincing. So the average consumer will say, ‘I don’t think this is real, but maybe it is,’” said Suzanne Sando, Senior Fraud and Security Analyst at Javelin Strategy & Research.

“We all know, and we push the point that the IRS is never going to call and ask for your information,” she said. “They’re never going to e-mail you and ask for information, but people are still going to give it up.”

A Barrage of Communications

While technology enables criminals to craft more convincing messages, phishing techniques have also become more effective because of the use of social engineering tactics that prey on common consumer concerns.

“A lot of consumers have likely not yet filed their taxes and are probably feeling the pressure of, ‘Oops, I have a week left and I will be looking for a tax preparation service to complete this for me,’” Sando said. “And we are also getting a barrage of legitimate emails from the H&R Blocks, the TurboTaxes, and all of the tax preparation services out there.”

“In between, you’re also getting the phishing emails that are posing as H&R Block, that are posing as TurboTax, maybe sending you text messages saying you filed in the past with TurboTax, click this link to get your return started,” she said.

Creating an Environment of Security

With scams becoming increasingly convincing, consumer education is essential. However, it’s equally critical that organizations avoid overwhelming customers with messages that mimic the tone and tqactics used by criminals.

“Part of the problem is that some of these legitimate service providers are also emailing out real links and texting out real links,” Sando said. “It’s incumbent on the service providers and the government—any entity that is asking for personal information or payment for a service—they should be directing customers to their website, to download the secure app onto their mobile phone, and to get the process started that way.”

“We have to start creating that environment of security so that consumers just automatically can tell what is real and what isn’t,” she said.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: MalwareMicrosoftPhishingRemote Access TrojanScamTax FraudTax ScamsTax Season

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    instant payments fraud

    Instant, Irrevocable Payments Demand a Fraud Prevention Reboot

    April 13, 2026
    samsung p2p

    Making Zelle Work Better for Users—and Banks

    April 10, 2026
    fraud escalate

    As Fraud Escalates, Taking a Beat Becomes a Critical Defense

    April 9, 2026
    privacy open banking

    As Open Banking Fuels Interconnectivity, Privacy Matters More

    April 8, 2026

    ACH Is Thriving, and Banks Are Struggling to Keep Pace

    April 7, 2026
    stablecoins, Klarna

    How Stablecoins Emerged as a Key Element of Cross-Border Payments

    April 6, 2026
    Cross-Border Payments

    How the U.S. Built Its Faster Payments Ecosystem

    April 3, 2026
    Young Latin woman applying powder on her face for beauty blog. Smiling woman sitting at table in cosy room holding powder box and brush looking at phone camera recording video. Make up and cosmetics blogging concept

    TikTok Aspires to Fintech Status with Payments, Credit Bids in Brazil

    April 2, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result