Protect Yourself from Threats

           When it comes to data security threats, the challenges never end. The tactics that criminals use continue to change, but there are some basic things to keep in mind. When it comes to mass email messages or texts, the goal is to get someone to click on a link to steal information or download malware. This is phishing or smishing. An update to this scam is called clone phishing. In this variation, a real email is copied and sent to the recipient again. This time it has an attachment with malicious software or a link to a website designed to steal your personal information.

          We can never be too sure how the attack will present itself, but we can be prepared with security measures to protect ourselves. Stop and be aware of warning signs. Unexpected messages with urgent tones telling you to click or download something should be examined closely. Getting a repeated message from a trusted source with a new link or attachment is strange. Contact the sender directly to confirm its validity.

          Even with these measures, a determined criminal may gain access to your information. The last step you need to have in place is multi-factor authentication on your accounts. This will require a code for any new log-in attempt. It could be your last line of defense to keep your information safe.

Comments

Post a Comment

Popular posts from this blog

What is the Educator Expense Deduction for 2023?

            With the start of the new school year upon us, educators will want their students to have a complete classroom available to them. That might mean having some out-of-pocket expenses that are not reimbursed. If that’s the case, any principal, counselor, aide, or teacher who works at a K-12 school for at least 900 hours in a year can claim the Educator Expense Deduction . The current limit is $300, but that can be adjusted in the future based on inflation.           The qualifying costs can be related to books, supplies, and other materials used in the classroom. Equipment, including computer equipment and software can qualify. COVID-19 protective items used in the classroom would also apply. This can be claimed even if you use the standard deduction on your tax return. As a reminder, it is always best practice, especially when claiming a deduction, to keep good records which would include receipts. Your qualified tax professional can advise you further.
Read more

What is Fair in the Tax System?

                 Everyone wants to be treated fairly. That is an essential quality that all people have. But what is fairness? Trying to answer that question can prove to be difficult for some. While fairness is impartial and just treatment without favoritism or discrimination, applying this principle is a challenge. Each person has their own idea of what is fair. That is certainly true when it comes to the current tax system.           The Internal Revenue Service ( IRS ) is aware of that sentiment. After a year of review following the passing of the 2022 Inflation Reduction Act funding, they are determined to make a change. These changes will focus attention on the wealthy, partnerships, and other high-income earners who in recent years have had a sharp reduction in audits. The IRS is planning to use Artificial Intelligence to detect patterns in tax avoidance and new threats. They will also make sure that audit rates do not increase for modest earners. This is just one area that i
Read more

2013 Pension Plan Limitations

                                         2013 is going to be a year of several changes in regards to taxes. One having to do with Pension Plans. The IRS has announced that there will be limitations for pension plans and other retirement related items. The reason for the change is due to the increase in the cost of living index. Some of the changes discussed included: The contribution limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government's Thrift Savings Plan (TSP) is increased by 500 dollars. The catch up contribution limit for employees aged 50 and over who participate in 401(k), 402(b) and most 457 plans and the Government's TSP remains unchanged. The limit on contributions to your Individual Retirement Account (IRA) rises 500 dollars up from the previous year which is now 5,500. The deduction for taxpayers making contributions to a traditional IRA is phased out for singles and head of households who are covered by a w
Read more