Scammers Exploit Tax Season Anxiety With AI Tools
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- Of the people who clicked on fraudulent links from supposed tax services, 68% lost money. Among those, 29% lost more than $2,500, and 17% lost more than $10,000. Moreover, 76% lost money after clicking links in cryptocurrency tax-related messages, with 26% losing more than $2,500 and 16% losing more than $10,000. McAfee’s research points to the impact of deepfake technology in deceiving Americans. AI-generated robocalls are becoming more frequent, and regionally appropriate accents pose a new challenge. McAfee researchers involved those with PDF attachments claiming to be from the IRS related to tax refunds and statements. With 48% of Americans feeling very confident about tax filing and most uncertain about identifying tax-related scams, tax season breeds anxiety. However, despite these concerns, many Americans do not take proactive measures to prevent online tax scams. 54% of people do not feel confident they’d know if a tax-related text, email, or social media message was a scam, and 30% are not confident they could tell the difference between a fake and a real tax preparation service. Just 42% of people say they protect their identity and personal information during tax filing season by never clicking on any links or opening attachments from unknown senders or responding to texts / calls from unknown sources. Only 33% use two-factor authentication for their accounts. From messages impersonating tax authorities to deceptive promises of tax refunds, and beyond, online tax scams are pervasive.
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