News & Analysis as of September 19, 2024

Cybersecurity › W-2

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Social engineering in tax season: Form W-2 exploits

Constangy, Brooks, Smith & Prophete, LLP on 1/31/2023

This year’s deadline for filing individual tax returns is April 18. Malicious actors routinely target human resources professionals, certified public accountants, and individual employees with social engineering attacks...more

A Reminder For Employers About W-2 Phishing Scams

Jackson Lewis P.C. on 2/10/2021

For the past several years, thousands of businesses have been hit with phishing scams during tax season. Through these social engineering scams, hackers obtain employee Forms W-2 for filing fraudulent tax returns seeking...more

Don’t Take the Bait! “Spear Phishing” and “Whaling” Take Scams to the Next Level

Fisher Phillips on 1/29/2019

For several years now, we’ve been alerting employers about the dangers of phishing scams that attempt to obtain private and personal information from employers... Many of these scams rear their ugly head around tax season,...more

Are You Covered?

Jackson Lewis P.C. on 5/30/2018

The New Jersey State Bar Association recently met to discuss, among other things, our favorite topic: Cybersecurity. (Perhaps our esteemed Privacy, e-Communication and Data Security Practice Group chair was there….) We wanted...more

Gone Phishing: Employer Faces Liability for Mistakenly Disclosing W-2 Forms to Scammer

Zuckerman Spaeder LLP on 4/26/2018

Phishing. Spoofing. - These words may sound silly, but for employers, they are anything but. Phishing is the attempt to obtain sensitive electronic information—such as usernames, passwords, or financial...more

Of Course I Meant to Send the Email, But Not to the Criminal - Court Rules that Companies Have a Duty to Train Employees on...

Brooks Pierce on 4/12/2018

With the April 17 tax deadline fast approaching, businesses need to remain vigilant for employee reports (or more likely questions) about fraudulent tax returns being filed in their names. Multiple employee reports of...more

Employers Take Note: Tax Season Phishing Scams on the Rise

Fisher Phillips on 2/21/2018

It is tax season once again, and with it comes an increased threat of phishing scams targeting human resources and payroll personnel. In 2016, the IRS alerted employers to a then-emerging email phishing scheme in which...more

Cybersecurity for This Tax Season

Wilson Sonsini Goodrich & Rosati on 1/30/2018

Nearly a year ago, in February 2017, the IRS issued a warning regarding phishing attacks targeting a broad range of companies. The scam involves a hacker impersonating an employee of a company, usually the CEO, and sending an...more

Kentucky Federal Court Brushes Aside Pre-emptive Attack on Class Allegations in Phishing Case, Rejects Out-of-the-Box Defense...

BakerHostetler on 12/29/2017

Brushing aside apparent flaws in a proposed class definition, a federal court in Kentucky declined to dismiss class allegations against North Carolina-based pharmacy services provider Pharm-Save Inc. (Pharm-Save) stemming...more

It’s Tax Time – Alert Your HR and Payroll Teams About W2 Phishing Scams

Jackson Lewis P.C. on 12/18/2017

Last February, the IRS issued a warning to all employers regarding the resurgence of a W-2 based cyber scam. The scam, which targets businesses during tax season, was also “spreading to other sectors, including school...more

Federal Court Permits Former Employees’ Data Breach Claims To Move Forward

Jackson Lewis P.C. on 12/13/2017

A data breach occurs in which an outside individual obtains your company’s employees’ W-2 forms including social security numbers, addresses, and salary information. As a result, your company notifies all affected employees,...more

Celebrate National Tax Security Awareness Week!

Snell & Wilmer on 11/27/2017

While it may be better known as “Cyber Monday”, today also marks the start of the second annual National Tax Security Awareness Week (November 27 to December 1). The Internal Revenue Service, state tax agencies and the tax...more

A Time to Remember that Employer-Provider Data Breach Benefits are not Taxable

Snell & Wilmer on 10/9/2017

Hardly a week goes by without another announcement of a high-profile data security breach. The list of data breaches impacting high-profile employers and their employees just in 2017 is long...more

Security Breach Notification Becomes More Complex For Employers

Littler on 4/25/2017

With new and sophisticated schemes perpetrated by hackers and scammers, and sensitive personal information becoming increasingly accessible to numerous insiders, it is only a matter of time before most employers will be...more

Let's Go Phishing!

Fisher Phillips on 3/4/2017

Emails, lots and lots of emails, filling our inboxes. Even with the best security and filters, it seems that hackers are simply building better mousetraps. The bigger problem, however, is the trusting nature of individuals...more

ALERT: Beware of W-2 Scam!

McGuireWoods LLP on 2/17/2017

Our Data Privacy and Security team is currently assisting multiple clients in responding to nearly identical fraudulent requests for IRS Form W-2 information. Significantly, these clients are in a number of industries and are...more

Keeping Your Company’s Data Safe This Tax Season

Latham & Watkins LLP on 2/14/2017

Tax-related identity theft is nothing new, but tax season 2016 took tax schemes to a new level. Last year, our cyber experts advised a large cluster of clients (public and private companies) over a period of only two...more

Safeguarding Your Company from Cyber Tax Crimes - Take Action Now!

Clark Hill PLC on 2/7/2017

As if tax season was not bad enough, the U.S. Internal Revenue Services ("IRS") recently issued an urgent alert warning that cybercriminal phishing scams are utilizing a new, more dangerously effective method for large-scale...more

Dangerous W-2 Phishing Scam Evolving; Targeting Schools, Restaurants, Hospitals, Tribal Groups and Others

BCLP on 2/6/2017

The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other...more

It’s Tax Time – Don’t be Phished

Mintz - Privacy & Cybersecurity Viewpoints on 2/2/2017

It’s that taxing time of the year. Employees have received W-2 forms and the tax filing season has begun in earnest. And, as night follows day, last year’s W-2 spear-phishing scam has returned. The IRS and state tax...more

Tax Season Becomes "Spear Phishing" Season for Cybercriminals

Baker Donelson on 1/19/2017

Imagine this scenario. Your HR team receives an email from your CEO: "I want you to send me W-2s of employees' wage and tax statement for 2015, I need them in PDF file type, you can send it as an attachment." They hurry to...more

Tax Season Is in Full Swing: Beware of the W-2 Spear Phishing Scam

BakerHostetler on 1/16/2017

Last year we saw an unprecedented number of companies of all sizes fall victim to a W-2 spear phishing scam. The scam usually began with a “spoofing” email that appeared to have been sent by a company’s CEO or CFO to one or...more

2016 was the Year of the Data Breach

Robinson+Cole Data Privacy + Security Insider on 12/30/2016

Although every year we lament about the significance of data breaches in the past year, 2016 was by far the worst. Data breaches were rampant, victimizing every industry and numbing consumers in the process. It was so bad...more

Employers Face Exposure for Cyberbreaches

Holland & Knight LLP on 5/4/2016

A newly filed lawsuit in California and a recent decision from the U.S. Court of Appeals for the Seventh Circuit serve as reminders to employers that the protection of sensitive employee information from cyberthreats remains...more

Phishing Season Opens for 2016 Tax Filings – Beware of “W-2 Phishing Scams”

K&L Gates LLP on 4/11/2016

Tax season brings many headaches, but none as miserable as sophisticated scammer efforts to steal employee W-2 information. Using social engineering and modest technological tools, a “spear phishing” attack seeks to trick...more

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Cybersecurity › W-2

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