Print Page   |   Your Cart   |   Sign In
Group HomeGroup Home Blog Home Group Blogs

Identity Thieves May Be Targeting Your Employees

Posted By Kenyatta Turner, LegalShield Independent Associate, Monday, May 16, 2016

Wednesday, April 27, 2016

By Erin Stubing


Most corporate managers are familiar with the scam involving a thief sending a fake bill to a company’s accounts payable department, hoping that the accounting clerk would simply pay the bill without verifying its legitimacy. Thieves can use this simple scam to great effect, often tricking employees into sending money to the fraudster. 

However, the tactics used by data and identity thieves have evolved. Thieves are now targeting employees for bigger payments, as well as sensitive employee data. The thieves’ best ploys look very legitimate and play on the employee’s desire (and requirement) to answer a company executive quickly and with full cooperation. A common scam involves obtaining W-2 data by tricking an employee into thinking the CEO has requested it. This, of course, makes your employee vulnerable to having their identity stolen. 

Tax- or wage-related fraud was the leading form of reported identity theft in 2015, comprising 45% of all consumer complaints reported to the Federal Trade Commission (link opens PDF). W-2 data has been a popular target lately and it is likely due to the ease with which tax return fraud is perpetrated. Forty-five percent of all of the identity theft claims collected by the Federal Trade Commission in 2015 related to tax- or wage-fraud. In fact, there was a 47% increase in the number of identity theft complaints received by the FTC in 2015, and they stated that tax- or wage-fraud was responsible for the bulk of that increase.

To get an idea about how rampant the W-2 scheme is, just perform an internet search on “phishing scams W-2” in order to find multiple news reports about businesses that experienced a W-2 phishing scam.  All types of businesses have been affected: a grocery store chain, financial firms, health care providers, entertainment companies, universities, technology companies and even a concrete supply company.

Human resources and other corporate managers would do well to be vigilant, to help protect their employees' personal information. LegalShield's identity theft partner Kroll has prepared a flyer that outlines how employers can help protect their workers. Download it and share it with your managers!

For more information about LegalShield or IDShield for yourself, your family, your business, or your employees, please contact Kenyatta Turner, Independent Associate at 602-367-1069 or  Worry Less...Live More!

Tags:  data breach  employee benefits  fraud  human resources  identity theft  kroll  phishing scams  small business  w2 

Share |
PermalinkComments (0)

What's Happening?


Join our newsletter to know what's new and upcoming at ASBA! 




ASBA is the most powerful resource for your business in Arizona. We ensure the tools we offer are valuable and support the growth, education and connections necessary for today’s top business minds.


Partner Program


ASBA’s Partner Program delivers your brand throughout Arizona. Share insights, connect with small business and highlight your company’s involvement with the association. Contact us to get started.



Coffee Connect with ASBA


Date: Held monthly
Time: Click for times based on location


ASBA Speed Networking


Date: Check our calendar 
Time: Click for times based on location

Have Questions on Health Insurance?

Health Insurance

We can get the answers you need. Contact us!




COVID-19 resources small businesses need to know!


Upcoming Events


Join ASBA at any of our upcoming events!


Association Management Software Powered by YourMembership  ::  Legal