iscover ATO addresses fraud putting forward ‘stringent security measures’
TechnologyAfter it became aware of fraudulent activity targeting the systems of some tax professionals last month, the Tax Office has encouraged practitioners and individuals to use its security measures.
After becoming aware of fraudulent activity targeting some tax practitioners’ systems last month, the ATO has urged tax practitioners and taxpayers to use the measures it has put in place to protect client identity and accounts.
“The ATO continues to encourage individuals to use myID when interacting with the ATO’s online services and to set up to the highest identity strength where possible to make it harder for fraudsters to exploit their identities,” the Tax Office said.
“To help keep your personal information safe and protected, the ATO’s app now has powerful new safety features designed to give individuals real-time control over their tax affairs through alerts and instant account locking to help stop fraudsters in their tracks,” it added.
It warned that unusual activity on an individual’s ATO account may be related to identity theft.
“Identity information can be compromised in a variety of ways, including requests for information by malicious actors, phishing emails, large-scale data breaches, and individual device or home network hacking,” the Tax Office said.
The Tax Office said that when it suspects a taxpayer’s identity may be compromised, it activates “stringent security measures to protect the taxpayer”.
“If an individual is found to be a victim of third-party fraud, we will work with them to fix their client account and remediate it to its true and genuine position. The ATO will then work to recover any lost funds.”
In August, the ATO told Accountants Daily that it became aware of malicious links within inbound communications, such as job applications, CVs, and emails, impacting a small number of tax professionals.
“When clicked, these links can install unauthorised software or malware on your device. Once compromised, third parties may gain access to tax agent systems, obtain client information, and potentially interact with the ATO through Online services for agents,” a spokesperson said.
“If agent systems have been confirmed as being compromised, it is important that agents and their clients protect their personal identifying information. IDCARE provides free and confidential advice on 1800 595 160 or through IDcare.org. After doing a short survey, impacted agents can book a bespoke cyber advisory session,” the ATO website reads.
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