Australian Taxation Office Warns of Email Scams

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Australian Taxation Office Warns of Email Scams

Following an increase in recent fraudulent activity, the Australian Taxation Office (ATO) warns professionals and their clients to the potential email scams trying to mimic ATO correspondence.

The email, which utilises the tax office’s letterhead and email address similar to those used by the ATO, asks people to complete an online ‘tax form’ via a link that contains malware.

The ATO has advised a list of tell-tale signs that the email may be malicious, these include: the email does not have an @ato.gov.au sender address, the clients are not specifically named, and generally demonstrate poor grammar. Whilst many people believe they wouldn’t fall victim to such scams, similar emails from the Australian Securities and Investments Commission (ASIC) last year almost fooled some Self Managed Super Funds (SMSFs) and advice professionals.

With cyber fraud becoming more prominent in the media, tax professionals are urged to tighten their processes with the introduction of the Notifiable Data Breaches (NDB) Scheme.

The scheme, which commenced on the 22nd February, requires agencies, organisations and certain other entities to provide notice to the Office of the Australian Information Commissioner (OAIC) and affected individuals of the data breach.

The scheme covers accountants and tax professionals who deal with tax file numbers, along with those who have an annual turnover of more than $3 million.

You can find more information in regards to the Notifiable Data Breaches (NDB) Scheme by following the link  —  Here

Keep up-to-date with the Australian Taxation Office Scam Alerts — Here

Review the PaysOnline Data Breach Policy — Here

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