As the year comes to an end many small businesses owners may already be thinking about the upcoming tax season. If you are among that population then here’s one more thing to think about: If you plan on filing your business taxes electronically or will be working with sensitive personal and financial information online in preparation for filing tax documents, then make sure you take enough precautions to ensure the safety of your data. There is an eager population of online hackers, fraudsters, and identity thieves hoping to turn your tax season into a lucrative fishing season.
Cyber-crime has been on the rise keeping pace with advances in technology that are pushing more and more transactions and sensitive personal and financial data online. According to the latest annual report by the Internet Crime Complaint Center, the number of recorded cyber-crime related complaints were the second highest in 2010 since the organization’s inception. This trend was also reported in the 2010 CSO Cyber Security Watch Survey, sponsored by Deloitte & Touche.
That said, here are a few tips to help you reduce the security risks involved in preparing and filing your tax return electronically:
In short, if you want to avoid getting burned by cyber criminals this tax season then make sure you’re not taking their bait or inadvertently sending data into their awaiting nets
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