Milwaukee Bucks become latest victim to w-2 phishing scheme

Robinson+Cole Data Privacy + Security Insider
Contact

We have been repeatedly warning our clients and readers about the massive and successful W-2 phishing schemes where hackers impersonate the CEO or CFO and send emails to payroll and/or HR folks in companies requesting W-2 forms of employees [see related posts here and here].

It became such a problem that the IRS issued an alert to all payroll and HR departments on March 4, 2016, warning all industries about the pervasive problem.

The latest victim is my childhood hometown team The Milwaukee Bucks. The phishing scheme involved was exactly like all the others—it impersonated team President Peter Feigin requesting W-2 forms for employees. The W-2s were then sent to the hacker and those employees’ information, including their Social Security numbers were compromised.

The Bucks are providing the affected employees with 3 years of credit monitoring services and identity restoration services.

We continue to see these phishing schemes successfully implemented, which underscores the continuing need to train employees and provide them with education and tools to feel comfortable to pick up the phone to confirm an odd request, such as the CEO requesting W-2s forms of employees.

[View source.]

Written by:

Robinson+Cole Data Privacy + Security Insider
Contact
more
less

Robinson+Cole Data Privacy + Security Insider on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.