Tuesday, September 16, 2014

Stop & Rewind

Welcome to the inaugural post on the Sarfino and Rhoades, LLP blog “Stop & Rewind”!  The purpose of our blog is to provide you with insights into various accounting and tax concepts to help enhance your financial well-being.  The staff at Sarfino and Rhoades is committed to providing you with information on timely, relevant topics that will pique your interest.  Please join us in our overview of online fraud below:

You receive an email from your telephone company asking you to log into your account and update your credit card information immediately, or risk your service being terminated.  Of course, you want your bill to be paid on time and your service to continue, so you do as the email asks and click the link as it suggests.  When you click the link, however, you are redirected to a website that is impersonating your telephone company’s actual website, and when you enter your credit card information, it is stolen instantly.


This process, which is known as “phishing”, is becoming increasingly more popular amongst online fraudsters, and can easily victimize individuals who are not aware of what they should be looking for in a suspicious email. Fraudulent parties often:

  • Request sensitive personal information via email, whereas legitimate companies typically do not
  • Instill a sense of urgency (“Act now, or your service will be discontinued!”)
  • Promise discounts or offers that seem too good to be true
  • Provide fake links that do not direct you to a legitimate website


Keep these fraud indicators in mind as you conduct your business online in an effort to keep your personal information safe! 

Upcoming dates to know:

October 15th – Extended due date for individual tax returns

November 11th – Veteran’s Day

November 27th – Thanksgiving Day


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