Tax Day is coming up on April 15th, and cyber criminals are out to seek profit at many victims’ expense. A tax theme malware called TrickBot is being sent to inboxes, the hackers impersonating payroll providers like Paychex and ADP and sending malware infected Excel documents to their recipients.
TrickBot works by exploiting network vulnerabilities to essentially enter and steal sensitive information such as passwords and bank account details in order to file fraudulent Tax forms to receive returns. Scams caused by TrickBot have cost the IRS over a million in losses back in 2016.
Researchers from IBM X-Force noted how cyber criminals are using domains that look highly similar to actual payroll providers in order to deceive recipients into thinking the email is from a legitimate source.
IBM global executive security advisor Limor Kessem stated how “this campaign [is] highly targeted in its efforts to infiltrate US organizations,” and the threat from TrickBot doesn’t look like it’ll cease. Kessem continues on by explaining that “TrickBot [is] one of the most prominent organized crime gangs in the bank fraud arena, [so] we…expect to see it maintain its position on the global malware chart, unless it is interrupted by law enforcement in 2019.”
Before clicking on any email link, it is highly advised to double check the legitimacy of the email by looking closely at the sender information. Hovering over an email link also allows you to check on where the URL leads before you actually click on it; just check the small window that pops up above the link to make sure the site is safe.