Monday, July 28, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Protect Your Tax Data: Heightened Risks of eFiling Hackings Ahead of the 2024 Tax Filing Season

Simon Osuji by Simon Osuji
June 18, 2024
in Taxes
0
Protect Your Tax Data: Heightened Risks of eFiling Hackings Ahead of the 2024 Tax Filing Season
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Vulnerability During Filing Season: Heightened Risk for Taxpayers

 The prevalence of these profile hijackings is expected to surge with the onset of the tax filing season, posing a grave threat to taxpayers’ sensitive tax information. Cybercriminals are targeting both individual taxpayers and tax practitioners, exploiting vulnerabilities in eFiling security protocols to alter login details and banking information to claim fraudulent refunds against taxpayer accounts.

With the 2024 Filing Season set to commence on July 15th, the window of opportunity for scammers is wide open. Taxpayers awaiting refunds are prime targets for scammers who exploit the anticipation of taxpayers awaiting refunds to carry out fraudulent activities.

Despite assurances from the South African Revenue Service (SARS) that eFiling profiles have not been hacked, the reality of compromised profiles cannot be ignored. Taxpayers and tax practitioners must take proactive steps to protect their own and their clients’ eFiling profiles and tax data.

Protective Measures: How to Keep Your Tax Profile Safe

Here is how to keep your eFiling profile safe and your tax data protected:

  • Robust Password Protection: Ensure robust password protection, utilising multi-factor authentication for added security.
  • Updated Contact Details: Keep your SARS contact details updated to receive notifications of any SARS assessments generated.
  • Regular Monitoring: Regularly monitor activity on your eFiling profile for any suspicious activity.
  • Alert SARS: Report any suspicious activity or unauthorised access to your eFiling profile to SARS.
  • If you have shared access of your eFiling profile with a tax practitioner, ensure your tax practitioner has the necessary eFiling security controls in place to protect your tax data.

Conclusion: Remain Watchful and Take Active Steps to Safeguard Your Tax Profile

Staying informed about the latest cybersecurity threats against your tax information and adhering to best practices recommended by experts is essential for maintaining the integrity of your tax data.

In light of these escalating risks, it’s crucial for taxpayers to remain vigilant and proactive in protecting their tax profiles.

By taking proactive measures and staying informed, taxpayers can mitigate the risk of falling victim to eFiling profile hijackings and safeguard their tax data and financial well-being.Top of Form.





Source link

Related posts

New Publication: Tax Treaty Policy and Practice in West Africa

New Publication: Tax Treaty Policy and Practice in West Africa

July 25, 2025
The When, How and Why for Expatriates Considering Leaving the South African Tax Net

The When, How and Why for Expatriates Considering Leaving the South African Tax Net

July 25, 2025
Previous Post

Air Force Engineer Resigns as Dissent Against Gaza War Spreads in Military

Next Post

Sealana Enters Final Week of Presale as Meme Coin Potential Continues to Shine

Next Post
Sealana Enters Final Week of Presale as Meme Coin Potential Continues to Shine

Sealana Enters Final Week of Presale as Meme Coin Potential Continues to Shine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Briefing Meeting with the United Nations Resident Coordinator on the Emergency Preparedness and Response (EPR) Scoping Mission 2023

Briefing Meeting with the United Nations Resident Coordinator on the Emergency Preparedness and Response (EPR) Scoping Mission 2023

2 years ago
cidb ERWIC Awards – Women empowerment & business transformation in the construction industry

Pick n Pay introduces a store focusing on minimising waste

2 years ago
Senior executives quit SoftBank-backed Oyo amid public listing deliberation

Senior executives quit SoftBank-backed Oyo amid public listing deliberation

2 years ago
63 out of 7000 Kenyans stranded in Lebanon have returned home safely

63 out of 7000 Kenyans stranded in Lebanon have returned home safely

8 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.