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Cybersecurity: Avoid Phishing Scams

Cybersecurity: Avoid Phishing Scams

The IRS and the Security Summit continue to issue “Tips for Tax Professionals” (that contain good information for all of us). Today we look at Part 4 of the six-part series, “Working Virtually: Avoid Phishing Scams.”

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Cybersecurity: Avoid Phishing Scams

Multi-Factor Authentication

Let’s look closer at one of the safeguards that the IRS and “Security Summit” noted in their reports.  Part 2 of the Security Summit Tips for Tax Professionals is entitled, “Use Multi-Factor Authentication to Protect Accounts.”

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Cybersecurity: Avoid Phishing Scams

Cybersecurity Update

ISSUE: Cybersecurity should be a priority for your institution. The Department of Education has specific requirements under the Gramm-Leach-Bliley Act. The IRS is in the process of releasing a five-part report on cyber protection when working remotely. SITUATION: Marathon Bible College (MBC) is a private college exempt under Internal Revenue Code section 501(c)(3) and 170(b)(1)(A)(ii). As we work with them on their June 30, 2020 audit, cybersecurity risks dominated part of our assessment. MBC has appointed a “Cybersecurity Point Person”, they have received training, and the college completed a risk assessment…

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Cybersecurity: Avoid Phishing Scams

IRS: Dirty Dozen Tax Scams

Each year, the IRS releases a list of tax scams to be especially wary of. Many times, these scams target the elderly and/or disadvantaged. The Service generally focuses on schemes that attempt to steal money and information from taxpayers. In 2020, we should be alert to potential fake emails, telephone calls, or websites using keywords such as “coronavirus,” “COVID-19,” and “stimulus” in various ways in attempts to steal personal information. The IRS always reiterates that it will never initiate contact with taxpayers via email or telephone about a tax bill, refund, etc.

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