by | Feb 9, 2024 | Threat Lab

Reading Time: ~ 2 min.

OpenText is committed to providing you with the latest intelligence and tips to safeguard your digital life, especially during high-risk periods like tax season. Our threat analysts are constantly monitor the ebb and flow of various threats. One trend that has recently caught our attention is the notable spike in malware-infected cracked software, particularly as we enter tax season. This post aims to shed light on the dangers of using cracked software, share best practices for a secure tax season, and highlight our latest intelligence on the surge in cracked tax software threats.

The Hidden Cost of Cracked Software

Cracked software, often touted as a cost-free way to access games and expensive software, carries a significant risk far beyond legal and ethical concerns. These unauthorized versions are frequently loaded with malware, from trojans and keyloggers to ransomware. The allure of free access blinds users to the dangers, turning their devices into gateways for cybercriminals to steal sensitive information, encrypt files for ransom, or enlist computers into botnets.

Tax Season: A Cybercriminal’s Playground

Tax season is inherently stressful, with individuals and businesses rushing to meet filing deadlines. It’s also a golden opportunity for cybercriminals to exploit vulnerabilities through phishing scams, identity theft, and malicious software. Our best practices for a secure tax season include:

• Use Legitimate Tax Software: Always download tax preparation software directly from the official provider or authorized resellers.
• Enable Multi-Factor Authentication (MFA): Adding an extra layer of security can significantly reduce the risk of unauthorized access.
• Beware of Phishing Attempts: Be skeptical of emails, messages, or phone calls claiming to be from the IRS or tax preparation services, especially those urging immediate action or asking for personal information.
• Seriously, the IRS will NOT email/text/call you for money: They will send you a letter to your mailbox.
• Keep Software Updated: Ensure that your operating system and all applications are up to date with the latest security patches.
• Secure Your Personal Information: Store sensitive documents securely and only share personal information over encrypted connections. This especially means tax return forms.

The Rise of Cracked Tax Software Threats

Our threat intelligence team has observed an increase in malware-infected cracked tax software. As tax season approaches, cybercriminals capitalize on the demand for tax preparation solutions, disguising malware as cracked versions of popular tax software. These malicious versions can steal personal and financial information, leaving users vulnerable to identity theft, financial loss, and potential legal consequences.

This trend underscores the importance of vigilance during tax season. The risks associated with using cracked software, especially for something as sensitive as tax preparation, cannot be overstated. Not only does this expose individuals to malware, but it also jeopardizes the integrity of personal and financial data.

The convergence of cracked software and tax season scams highlights a broader trend in cyber security threats. As cybercriminals become more sophisticated, the importance of adhering to best practices and using legitimate software cannot be overstated. Remember, the cost of using cracked software can far exceed the price of legitimate software, not just in dollars but in the potential for irreversible damage to your digital and financial well-being. Stay informed, stay secure, and let’s navigate the digital landscape safely together.