Paying Your Tax? Be Armed for Online Identity Thefts

Online Identity Thefts

Ever got a call asking for your bank details claiming officiality? You are being duped and you don’t know that. These calls have become commonplace today. With online portals asking for figures you keep guarded otherwise, cybercrimes of this magnitude are more rampant. For the regular tax payer in Australia, the time to sit before an approachable system and fill out the empty lines, assuming your done with your part, is the most dreaded one.

Predator like hackers and scammers await your arrival to scheme out your identity details for opportunities and tax time in Australia is when they prey on unassuming payers. According to a report, more than 50 % are aware of cybercrime and fear being targeted by it and more than 70 % are wary of cybercrime leading to identity thefts. Even though, there is an existent knowledge, people still tend to fall for a hack unprepared.

Calls claiming to be from the Australian Taxation Office (ATO), have amplified in number and frequency, recorded with an increase of 900 % since last year with Australians losing more than $2.8 million (AUD) in these scams. In spite of a public warning against these fraudulent calls, the Australian tax paper continues to be vulnerable.

A huge part of this is attributed to the citizens themselves. They are not vigilant. Instead of filing their returns through the right channel, they resort to apps that come with tags like “easy income tax filing”, without checking if it has a cyber security software installed.

The report also cautions tax payers along with outlining some cyber safe practices that can be adopted. For example, installing security software and keeping it updated, using a reliable VPN pin extensively and being overall cyber smart.