PYMNTS

NOVEMBER 18, 2016

17) of a new tax bill scam in which unwitting consumers receive a fake IRS notice that contends they owe the government money because of the Affordable Care Act. The IRS said lots of people have received the fake notices, which typically say a taxpayer owes money from the year earlier under the Affordable Care Act.

Tax Scams 61

Tax Scams Scams IRS Federal Trade Commission 61

PYMNTS

MAY 11, 2020

The Internal Revenue Service (IRS) says it’s making progress distributing stimulus checks, and there’s still time for recipients to get their checks direct deposited. We are working hard to continue delivering these payments to Americans who need them,” said IRS Commissioner Chuck Rettig in a statement. The payments, part of the $ 2.2

Direct Deposit 64

Direct Deposit IRS Checks Social Security 64

PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. The Treasury issued 4 million stimulus payments by debit card as part of a program to help get stimulus pay out to Americans who didn’t have bank information on file for the last few years with the IRS.

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IRS Bureau of the Fiscal Service Debit Card Treasury 65

PYMNTS

NOVEMBER 2, 2016

They impersonated IRS or immigration officials and threatened unsuspecting citizens with jail time, fines or deportation unless their targets paid phony taxes or penalties. One such scheme, coined the “Grandma Scam,” conned one San Diego woman out of $65,000. The suspected scammers — 20 in the U.S.,

Scams 60

Scams IRS Security 60

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . Another scam attempts to collect online banking account information. The COVID-19 pandemic, like other disasters, has created a playground for cybercriminals.

Phishing 63

Phishing Scams IRS Law Enforcement 63

PYMNTS

JANUARY 5, 2021

While the IRS has been able to deliver the second round of Economic Impact Payments in record time, we understand there are many questions and we appreciate everyone’s patience during this period,” the agency said in a statement late Tuesday (Jan. 5), according to WSJ.

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IRS Accounts Debit Card Payments 94

PYMNTS

FEBRUARY 22, 2019

In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts. Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. In December, the U.S.

Direct Deposit 54

Direct Deposit Scams IRS Business Email Compromise 54

PYMNTS

JANUARY 6, 2021

Some H&R Block and TurboTax users did not get the new stimulus payment because it was directed by the IRS to an unfamiliar bank account, sources told CNBC. Those users were looking for deposits on the IRS Get My Payment tool. According to the IRS, any bank getting erroneous payments will kick the monies back to the government.

Blocks 71

Blocks Checks IRS Direct Deposit 71

PYMNTS

OCTOBER 9, 2019

Typical sextortion scams claim to have installed malware on recipients’ systems and recorded their browsing history of adult websites and webcam footage. And the IRS has released new guidance for digital currency investors and their tax advisers, explaining how the agency expects them to report income from their holdings.

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IRS Bitcoin Rules Central Bank 46

PYMNTS

OCTOBER 7, 2020

However, in the past month alone, PYMNTS Bitcoin Daily has reported on nearly a dozen different scams and schemes involving bitcoin or other cybercurrencies. The Pandemic Is Making Scams Worse . For example, the U.S. Commodity Futures Trading Commission recently filed a complaint in a Texas U.S.

Bitcoin 93

Bitcoin Consumer Cryptocurrency Scams 93

PYMNTS

APRIL 6, 2020

There are all kinds of frauds taking root out there, but among the more popular are the spoofing scams in which the consumer gets a phone call from “the IRS” or “their bank” making requests that absolutely no consumer should ever acquiesce to. Edwards concurred the same is true of the IRS and all other government agencies.

IRS 79

IRS Scams Point-of-Sale (POS) Breach 79

PYMNTS

AUGUST 2, 2019

And the bad guys are nothing if not persistent, as the telecom’s research found that 15 percent of those who fall victim to phishing scams will be targeted again within the short span of a year. If a payment request from a vendor works, then so might an IRS scam, or one that alerts would-be victims to a passport or visa issue.

Phishing 79

Phishing Scams IRS Request for Information 79

PYMNTS

NOVEMBER 4, 2016

20 | Number of people the IRS recently indicted over IRS scams. $4 65,000 | Cash one San Diego octogenarian lost after falling victim to the “Grandma Scam.” (Happy holidays, indeed.). 50 terabytes | The amount of data former NSA contractor Harold Thomas Martin III kept in his home.

IRS 55

IRS Scams Bots Contactless Payments 55

PYMNTS

OCTOBER 17, 2018

The report adds that the gift cards aren’t just requested during tech support scams. They may pretend to be the IRS and tell people they cannot use other payment methods because of their delinquent tax status,” according to the FTC.

FTC 69

FTC Federal Trade Commission Scams IRS 69

PYMNTS

APRIL 30, 2020

The NYPD recognizes how the COVID-19 pandemic presents an opportunity for a variety of malicious, criminal scams. He was arrested after police found an open bench warrant in his name for criminal charges involving identity theft in New York County. .

Checks 56

Checks IRS Identity Theft Credit Cards 56

PYMNTS

SEPTEMBER 30, 2018

Li’s decision was most likely due to tighter regulation on ICOs by the Chinese government, as well as a significant boost in the number of scams in the blockchain market. In fact, the IRS, ICE and FBI made up 85 percent of the total spending combined. And according to new research conducted by Diar , the U.S.

Blockchain 77

Blockchain FBI Bitcoin IRS 77

PYMNTS

MARCH 23, 2020

Corporates and government officials have recently been sounding the alarm about coronavirus-related scams, and according to experts , the threat is likely to rise. Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Payroll Professionals Inc.

Email Compromise 71

Email Compromise Payroll FBI Compromise 71

PYMNTS

SEPTEMBER 28, 2020

Fraudsters perpetrating such schemes often target individuals by phone, posing as bank officials, Internal Revenue Service (IRS) agents or public health administrators and asking for personal information or money in exchange for COVID-19 test kits, stimulus checks or work-from-home jobs.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

MARCH 10, 2017

On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent. Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015.

IRS 57

IRS Phishing Tax Refunds Returns 57

PYMNTS

MARCH 14, 2016

Hence the revelation by the Online Trust Alliance (OTA) that almost half of 13 “free” E-File tax sites recommended by the IRS fail OTA’s rigorous security testing. One actually also failed by the IRS’ less stringent requirements. As your grandmother was doubtlessly fond of saying, you get what you pay for.

IRS 40

IRS Security Phishing Privacy 40

PYMNTS

APRIL 11, 2017

But as Coupa is looking to make strategic acquisitions and strengthen its service offerings, the company hit a speed bump last month when the firm was hit by a data breach that exposed IRS W-2 payroll forms of its workers. “A Coupa was one of numerous companies recently targeted by this ‘phishing’ scam,” the company said in a statement.

Data Breach 46

Data Breach Phishing Breach IRS 46

PYMNTS

JUNE 1, 2020

Money reported that one resident, identified only as Amber, didn’t recognize the card and shredded it, thinking it was one of many scam cards cluttering up her mailbox each week.

Debit Card 52

Debit Card IRS Direct Deposit Treasury 52

PYMNTS

MAY 2, 2019

CipherTrace reported that exit scams stole almost $195 million from crypto users. Thanks to the investigative work of the FBI and the IRS-CI, they will be prosecuted for their actions,” said U.S. billion in the first quarter alone. financial system is not used for criminal purposes, and did so through lies and deceit.

Blockchain 62

Blockchain Bitcoin Money Laundering IRS 62

PYMNTS

APRIL 7, 2017

The scam led to about 8,000 fraudulent refunds — worth about $30 million. The IRS filters were able to stop 52,000 returns and prevented 14,000 illegal refund claims from being sent. The IRS first noticed and made the federal DoE aware of the issue in early fall. “I

Breach 40

Breach IRS Returns Payer 40

PYMNTS

DECEMBER 21, 2018

In examples of the ill-famed business email compromise ( BEC ) scams that seem to make frequent headlines, $1 million was transferred from the Save the Children Foundation. The company, as noted by Infosecurity , disclosed the theft in a filing with the IRS. France and Germany lack visibility into expenses.

Business Email Compromise 60

Business Email Compromise Email Compromise Advisors IRS 60

PYMNTS

JULY 28, 2020

Department of the Treasury and IRS are switching gears to provide consumers with stimulus funds via prepaid debit cards rather than physical checks. Many individuals received the cards in unmarked envelopes and threw them out because the recipients believed they were scams or marketing offers. Around The Next-Gen Debit World.

Debit Card 85

Debit Card Treasury Online and Mobile Banking Governance 85

PYMNTS

APRIL 24, 2020

Predictably, some new scams involve fakers posing as IRS agents or healthcare professionals. “AI-driven tools can pick out … warning signs among thousands of claims in a fraction of the time it would take human analysts to do so,” the report states. eCommerce operations are often easy targets for hackers.

Account Takeovers 58

Account Takeovers Fraud Detection IRS AI 58

FICO

JUNE 4, 2018

Around tax season, hypnofraud spikes as fraudsters claim to be Internal Revenue Service (IRS) employees (or HM Revenue & Customs in the UK), using spoofing to make telephone calls look like they are coming from IRS phone numbers.

Demand Deposit Account (DDA) 40

Demand Deposit Account (DDA) Smishing Payer IRS 40

PYMNTS

JANUARY 8, 2018

And the world learned that the Nigerian royalty that has been trying to scam them for the last several years is neither Nigerian nor a prince – just a guy from Georgia with a side hustle working for scammers. Funds can be deposited into a consumer’s account with 24 hours of the IRS accepting their fully filed tax return.

Tax Refunds 42

Tax Refunds Scams Wire Wires 42

Stax

JUNE 27, 2024

From $0-$15 for internal wire transfers and up to $35-$50 for external international wire transfer Security measures More secure since every ACH transfer goes through a clearinghouse network governed by NACHA More prone to scams and fraud. Government payments – You can use ACH to pay individual and business taxes to the IRS.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Finovate

OCTOBER 4, 2024

Backbase’s Engagement Banking Platform, integrated with Middesk, will give financial institutions access to real-time verification data sourced from multiple databases including the offices of all fifty Secretaries of State, the IRS, the USPS, OFAC, and more.

Innovation 65

Innovation AI Payment APIs and Integration Online and Mobile Banking 65

PYMNTS

OCTOBER 22, 2018

Generally gift card requests go along with tech support scams, but according to the FTC, scammers have broadened their horizons in terms of who they claim to be before requesting a gift card payment. The scammers in question have also broadened their application of gift-card fraud to a wider variety of cons.

Laws 53

Laws Privacy FTC Push-to-Card 53

Payment Savvy

JULY 18, 2023

An employer identification number, or EIN, is a unique, nine-digit number issued by the Internal Revenue Service (IRS). It serves as a way for the IRS to track and communicate with taxpayers. If you look through your previous tax returns or other documents issued by the IRS, you’ll be sure to spot them.

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IRS Database Consulting Verification 52

PYMNTS

APRIL 22, 2020

Since Tuesday (April 21), the DOJ said the FBI’s Internet Crime Complaint Center (IC3) has reviewed more than 3,600 complaints related to COVID-19 scams. In another example, the FBI said they identified lookalike Internal Revenue Service (IRS) stimulus payment domains. Department of Justice (DOJ).

Scams 69

Scams Federal Trade Commission Law Enforcement Phishing 69

PYMNTS

DECEMBER 18, 2020

There are] more than 50 million government checks still issued annually, [so] some of the biggest use cases with the largest need for modern payments would likely include IRS tax refunds, VA benefits and FEMA payments, in addition to ad-hoc stimulus relief,” Edwards said.

Instant Payments 60

Instant Payments Tax Refunds Non-Bank Government 60