September 17, 2020

New caution required this tax season as scams abound

In late August 2020, a large credit bureau in South Africa was the target of a data breach where millions of private individual and company data records were compromised. This data leakage, coupled with the tax filing season, makes for the perfect opportunity for taxpayers’ information to be abused, subjecting taxpayers to potential financial loss. Scammers thrive on the inherent vulnerability of taxpayers during the tax season and know how to capitalise on the taxpayers’ struggles in dealing with SARS and their fear of the tax process. In Augusts 2020 alone, many correspondence scams that contain links to phishing websites have already been identified: SARS eFiling a statement of account has been issued – 19 August 2020 Correspondence for your attention – 17 August 2020 Audit SMS – 13 August 2020 Online funds redemption – 11 […]
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