April
From Tax ‘Phishing’ Scams to Phony Product Reviews: How Not to Be Duped Online
Posted by Admin at 6:30 AM. Placed in Product Reviews category
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Its nearly time for us to pay — or be paid by — Uncle Sam, and that means its also high season for tax-related phishing scams, when rogue websites masquerade as legitimate tax prep providers, banks or even the IRS to con us out of our user names, passwords and credit card information.
But phishing isnt limited to tax season. Web hucksters work year-round, and they wear many disguises. These fraudsters impersonate everything from legitimate airlines and mail carrier companies to financial institutions.
Online scamming can also take a more innocuous form — but one thats worthy of forewarning all the same: phony product and service reviews. While fake reviews on sites like Amazon are nothing new, companies are now offering consumers cash to rave about their goods.
Here are some tips on how to avoid being duped.
Identifying the Fake Tax Man
bull; Keep your eyes peeled for emails that seem to come from known tax-prep software companies such as TurboTax and TaxACT. Scammers, who hijack logos from these companies to make their emails appear authentic, will often include generic salutations like dear sir/madam, or dear customer rather than your name, which is a scam tip off, Christine Frietchen, editor in chief of ConsumerSearch.com, a review aggregator that compares product ratings from experts and user reviews, tells DailyFinance.
bull; Tax-season scammers will also assume the identity of a trusted financial institution, be it a retail bank like Chase or an investment bank such as Vanguard, Frietchen says.
bull; Beware of links and attachments in emails: Theyre a giveaway for fraudsters. Financial institutions wont send you attachments unless they reflect documents you specifically requested, Frietchen says.
Phishing emails will often urge recipients to click on a link or open an attachment with messages like, Heres your important tax document … we need you to confirm your data or otherwise we cant issue your refund, or, we urgently need more information or your tax return will be late, Frietchen says. Because theres a timely relevance to the message, they can sound more legitimate. Dont take the bait.
bull; The IRS itself is alerting filers to be on the lookout for a new, bogus email alerting recipients that theyll be penalized up to $10,000 for failing to file their tax return on time, with a false Jan. 31 deadline. It might include the subject line: Penalty for not filing tax return on time.
The IRS does not initiate contact with taxpayers by email or any social media tool to request personal information, says IRS.gov.
For a comprehensive list of common tax scams, check here. You can also forward suspect emails to phishing@irs.gov.
Sniffing Out Common Phishing Tactics
Most scam emails, whether they pretend to come from a reputable shipping company like FedEx, a bank or airline, share some common themes.
bull; If you receive an email from a company youve never done business with, be wary.
bull; Scam emails are designed to elicit a knee-jerk reaction in recipients — to make you think theres trouble with your account, an order or your personal finances, Frietchen says.
bull; Poor grammar is another tip-off. Because many scammers are based in foreign countries, the writing style they use in their bogus emails is often stilted or just wrong. They wont phrase things the way a native English speaker would, Frietchen says.
bull; If you see others CCed in a email, be suspicious. A legitimate email from an institution will not copy others in an email intended for you.
Sussing Out Suspect Reviews
Businesses have long been guilty of trying to tout their products with glowing reviews posted by their own employees impersonating thrilled shoppers. But as The New York Times reported last month, the practice has taken on a new dimension. In December, merchant VIP Deals was exposed for offering a full refund for its Kindle Fire case in exchange for a favorable review of the product on Amazon.com
The content and language of five-star fakes tend to follow a pattern, Frietchen says.
bull; Over-the-top accolades about a product or a place, such as a hotel, should be considered suspect, especially when they include superlatives such as great or wonderful, she says.
bull; Another tip off is the use of an entire product name and model number in the description, such as the Cuisinart 57321 coffeemaker instead of simply, the Cuisinart coffeemaker.
Tags: Product Reviews