What Are W-2 Scams?

W-2 scams are a type of fraud that targets employers rather than individuals. Cybercriminals attempt to trick someone with access to employees’ W-2 forms, often someone in the finance or human resources department, into sending them copies of every employee’s W-2. This scam can lead to identity theft and fraudulent tax returns.

How to Avoid W-2 Scams

While you may not have control over whether your employer falls for a W-2 scam, there are steps you can take to protect yourself and your company:

• Anti-phishing training: Encourage your employer to set up cybersecurity training programs for all employees. These programs can help detect and avoid phishing scams.
• Report suspicious emails: If you receive a suspicious email, don’t click on any links. Forward it to your IT department for guidance.
• Verify requests: If you receive a request for W-2s, call or message the sender to confirm the request. It’s better to be safe than sorry.
• Share information: Educate your colleagues about W-2 scams by sharing articles and warnings.

How to Report W-2 Scams

If you think you’ve received a W-2 scam email and didn’t reply, forward the email to the IRS. If you fell for the scam, report it to your company immediately. You may also need to report the incident to law enforcement, state agencies, and the IRS. The IRS provides specific instructions for reporting W-2 scams on their website.

Monitor Your Credit and Identity

Given the frequency of data breaches, it’s possible your personal information is already for sale online. Use a free dark web scan to check if your SSN, email, or phone number are exposed. Free credit monitoring can alert you to suspicious changes in your credit report, and subscription identity theft protection services can offer additional monitoring and recovery services.

Contact O1ne Mortgage for Your Mortgage Needs

At O1ne Mortgage, we prioritize your financial security. If you have any mortgage service needs, don’t hesitate to call us at 213-732-3074. Our team of experts is here to help you navigate the complexities of mortgages and ensure your financial well-being.