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Tax scam alert: AI-powered fraud on the rise, here's how to protect your tax refund

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Tax season is here, and so are the scammers. The Better Business Bureau warns criminals are impersonating the IRS, stealing personal information, and draining bank accounts. It starts with a call, a text,
The article from MSN Money discusses the increasing threat of AI-powered tax scams, where fraudsters use advanced technology to impersonate IRS agents or steal personal information. These scams include phishing emails, fake tax preparers, and identity theft aimed at claiming fraudulent tax refunds. The IRS has noted a significant rise in such scams, particularly with the use of AI to create more convincing and personalized fraudulent communications. To protect against these scams, the article advises taxpayers to file their taxes early, use strong and unique passwords, enable multi-factor authentication, be wary of unsolicited communications claiming to be from the IRS, and always verify the identity of tax preparers. Additionally, it recommends using official IRS resources to check the legitimacy of any tax-related communication and to report any suspicious activity to the IRS or relevant authorities.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/tax-scam-alert-ai-powered-fraud-on-the-rise-here-s-how-to-protect-your-tax-refund/ar-AA1zsxb6 ]