IRS Warns of Cyber Risks During National Small Business Week

As a part of the National Small Business Week, the IRS has advised entrepreneurs to implement data security measures to protect financial, personal, and employee information from scams and cybercriminals. The agency highlighted ongoing threats such as phishing scams, particularly targeting small businesses, tax professionals, and individual taxpayers. Small businesses are vulnerable to schemes like Form W-2 scams where identity thieves seek sensitive data. IRS Commissioner Danny Werfel emphasized the importance of staying informed on scams and maintaining robust cybersecurity to mitigate financial risks. The agency encourages small businesses to adopt cybersecurity best practices, update software regularly, secure networks, use strong passwords, and provide staff training.

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