Des Moines, Iowa – As tax filing deadlines approach, Iowans are being warned about a scam involving W-2 forms that targets businesses, school districts and non-profit groups. Dan Hendrickson, at the Better Business Bureau, says the criminals are disguising themselves as top executives through email, requesting information from various accounting and H-R departments.
Hendrickson says the W-2 scam first came to light in 2016. He says employers should warn members of their staff about this scam, especially since it may be taken to the next level as the presumed executive asks for a cash advance.
Hendrickson says criminals are focusing on consumers’ personal information because it has a potentially larger payout then credit card fraud.