5 Ways to Stay Safe from Cyber Fraud This Tax Season

Tax season is a busy time—not just for taxpayers, but also for scammers. Cybercriminals often take advantage of increased online activity to steal personal and financial information. Staying informed and cautious can help you protect yourself. Here are five ways to stay safe this tax season. 

1. Watch Out for Phishing Scams

Scammers often pretend to be the IRS, your bank, or a tax preparation service through emails, texts, or phone calls. These messages may look legitimate and often create a sense of urgency. Avoid clicking on unfamiliar links or sharing personal details. If something seems suspicious, contact the organization directly using official contact information. 

2. Use Strong, Unique Passwords

Using the same password for multiple accounts makes it easier for hackers to access your information. Strong passwords should include a mix of letters, numbers, and symbols. Creating unique passwords for banking, tax, and email accounts helps reduce the risk of widespread damage if one account is compromised. 

3. Enable Two-Factor Authentication

Two-factor authentication adds an extra step to the login process, usually by sending a code to your phone or email. Even if someone steals your password, they won’t be able to access your account without this second form of verification. Turning on this feature, wherever possible, greatly improves your online security. 

4. File Your Taxes Early

Filing early can help prevent tax-related identity theft. When criminals file a fake return using your information, it can delay your refund and create major headaches. Submitting your return as soon as you’re ready reduces the chance of someone beating you to it. 

5. Keep Your Devices and Software Updated

Software updates often include important security fixes. Ignoring them can leave your devices vulnerable to attacks. Regularly updating your computer, phone, and apps helps close security gaps. Using antivirus software and avoiding public Wi-Fi when handling financial information also adds protection. 

Stay one step ahead this tax Season. Cybercriminals depend on distraction and urgency to succeed. By staying alert, protecting your accounts, and practicing good digital habits, you can reduce your risk and file with confidence. A few simple steps today can help safeguard your identity and finances throughout the year.  

For more information on protecting yourself from fraud and identity theft, visit our Fraud and Security page at: https://deerwoodbank.com/fraud-and-security/.