Tax Season Means An Increase In Hacking So Take Cyber Security Measures To Avoid Attacks – Charles Leaver

Written By Ziften CEO Charles Leaver

There are many business seasons each year and it is essential that leaders of organizations understand exactly what those time periods suggest for their for their cyber security defenses. In the retail sector the Christmas shopping season represents a spike in customer spending, but it also represents a great time for cyber lawbreakers to try and take customer data. When tax season shows up, companies are busy preparing what is required for federal government agencies and accountancy companies and this can be a susceptible time for cyber attacks.

Tax Season Represents An Opportunity For Cyber Criminals

With income tax returns now gone digital there is no need for United States people to mail their tax returns by the due date as everything can be done using the Web. This is certainly quicker and more convenient but it can introduce security dangers that organizations need to be aware of. When there are significant amounts of data being transferred a golden chance exists for hackers to gain access to info that belongs to the company.

There have been a variety of cyber security attacks during tax season before, and this has raised concerns that the hackers will be ready and waiting once again. The recent Anthem breach has actually led industry specialists to forecast a boost in tax fraud hacking in the future. In this breach that affected 80 million people, there was a huge amount of individual data such as social security numbers taken according to Kelly Phillips Erb who is a Forbes contributor.

In Connecticut, locals have been urged by the Department of Revenue Services to file their tax returns early, and act ahead of the cyber lawbreakers so that their data is not found and their identity stolen.

Fraudulent Activity Spotted By Tax Software Application

To make matters worse, there have been some security interest in one of the nation’s most popular tax software brand names. USA Today exposed that TurboTax officials discovered an increase in cyber criminality related to their product. A number of unapproved users had actually been using taken personal data to submit phony tax returns with state governments. The company took the preventative measure of temporarily stopping all users from filing state taxes until an examination internally was finished.

This cyber criminal offense was consequently shown to be unconnected to the TurboTax software, however the incident shows exactly what a challenge it is for cyber security specialists to stop instances of tax fraud today. Even if the TurboTax software application was flawed, it probably wouldn’t impact companies much, considering that they utilize accounting companies to handle their tax returns. Accounting companies also have to do what they can to prevent a cyber attack, which is why companies must be proactive and secure their sensitive data.

Staying Safe And Secure At The Enterprise Level

When it is time for big companies to prepare their income tax returns they will use a large number of accountancy personnel and the services of external companies in all likelihood to collate their financial details. When this is taking place, more attack verticals are open to cyber lawbreakers and they could penetrate a company unnoticed. If they are able to do this then they will have access to numerous files connecting to business files, financial data and employee records.

If you wish to secure your organization in the coming tax season, concentrate on best practices of cyber security and implement protective steps that fully cover business environments. Conventional tools like firewall programs and anti-viruses programs are a great place to start, but more advanced options will be needed for those cyber attacks that can occur undiscovered. Endpoint threat detection and response is necessary here, as it enables organization security groups to discover suspicious activity rapidly that could have gone undiscovered. If such an attack was to infiltrate the network then this could be the start of a large scale security attack.

Cyber security steps are continually developing and attempt to keep pace with the techniques that hackers utilize. Standard network level defenses may capture a lot of cyber attacks however they will not have the ability to avoid all of the attacks. This is where high quality endpoint threat detection and response is required. It will provide visibility across all of the endpoints of a company, and can precisely distinguish between harmful activity and something spurious. This will make it possible for security groups to better protect the data of the organization.