The White House’s 2021 American Rescue Plan may also lay out plans for fraudsters’ 2022 online payment scams. The new law doesn’t introduce new taxes, but rather institutes new reporting requirements. The IRS requires the reporting on form 1099-K of any business revenue over $600 paid using any of the payment apps.
If you are a gig worker or small business owner and a user of PayPal, Zelle, Venmo, Google Pay, Apple Pay, Samsung Pay, Xoom, Square, Stripe, Circle Pay, Facebook Messenger, or other payment apps; this new reporting requirement will directly affect you in ways you might not like.
If they haven’t done so already, the payment apps will request your tax filing information, either your Social Security number or employer identification number. Don’t be fooled by the obvious onslaught of impersonations we will all be seeing soon. Be wary of fake, rogue mobile apps impersonating payments app you use and trust. You might be asked by payment apps you don’t even use. And you may be asked many times. Don’t get annoyed, get suspicious, fast.
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Fraudsters may take advantage of the new Form 1099-K reporting threshold from a couple of angles online. They may create fake websites impersonating the IRS.
Consider the 2021 garden variety impersonation of the IRS seen in the image below. It certainly looks real, but it is a fake, and a fraud intended to convince you that you are browsing at the official IRS government site. Clicking OK will send you along to a fake page asking you to enter your Social Security number. This is one of many IRS impersonations we commonly see at Allure Security, and we expect to see many more.
Fraudsters may also create fake websites impersonating various payment services companies. Under the guise of needing to collect or update victims’ tax information, these fake websites will likely attempt to steal payment app credentials, as well as, other payment and banking information.
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The images below show how convincing these online payments scams can be. Allure Security’s brand impersonation detection engine discovered this fake website imitating the Venmo brand just last month. The URL for this site bears no resemblance to the official Venmo website and so traditional domain monitoring would not have identified this scam. Only via AI-powered analysis of the images and text on the page can a scam such as this be found.
When you click the “Sign In” button on the scam site, you’re taken to the screen below. You’ll see that the scammers don’t stop at stealing your Venmo credentials, they’ll happily accept your payment card details as well.
For more tips on staying safe, visit the IRS’s Tax Scams and Consumer Alerts web page or search “fraud” within a particular payment service’s help center.As Sift's Trust and Safety Architect, Brittany Allen has more than a decade of experience combating e-commerce marketplace fraud at companies such as Etsy, Airbnb, 1stDibs and letgo.
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Buy now, pay later (BNPL) is booming in popularity, particularly among the traditional credit-wary millennial and Gen Z consumer populations. With $680 billion in transaction volume by 2025 up for grabs, fintech startups and long-standing financial institutions alike are jumping into the mix with their own offerings.
While many industry pundits would point to the recent Consumer Financial Protection Bureau (CFPB) probe into BNPL vendors as the sector’s biggest headwind, there’s another area that regulators and industry players should be concerned about: fraud. Cybercrime often acts as a barometer of economic trends, and as the BNPL market continues to soar, fraudsters are cashing in.
Rather than relegating their activities to dark web marketplaces, scammers are hiding in plain sight on encrypted messaging apps. They collaborate through publicly available forums on these platforms to target BNPL providers with new tactics.
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The only way to get ahead of these scams is for BNPL vendors to ensure they have the right defense strategy in place to combat fraud on their own platforms and networks.
Payment fraud is going mainstream, and anyone with an internet connection can join in. Yet, rather than hoping that platforms remove these fraud forums from their services, BNPL providers and the merchants who use them can shore up their own properties by understanding exactly how they are at risk.
The dark web has, for years, been home to cybercrime and has become an oasis for scammers looking to obtain compromised information. However, with the recent crackdown on dark web marketplaces, cybercriminals have turned to new and under-the-radar hubs to commit illegal activity.
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Malign actors have set their sights on secure messaging apps, such as Telegram, to conduct their illegal activity. As a part of the deep web, which isn’t indexed by search engines, secure messaging apps are a haven for professional criminals hoping to remain anonymous.
Within these forums, fraudsters have evolved their attack strategies. Instead of solely buying and selling access to information, cybercriminals have begun to promote fraud as a service.
One example is a Telegram scheme in which cybercriminals steal from restaurants and food delivery services. By advertising their ability to purchase food and beverage orders with stolen information (e.g., log-in credentials or credit card numbers), they offer opportunistic diners a meal at a heavily discounted rate.There is no cost to you for electronic check (eCheck) payments. Your Secured Property Tax Bill contains your Assessor’s Identification Number (AIN) and Personal Identification Number (PIN), which you will need to complete the transaction. Each eCheck transaction is limited to $999, 999.99. When paying by eCheck, your bank account must be Automated Clearing House (ACH)-enabled, meaning the transaction can settle through the ACH Network. If your bank account has a debit block to prevent unauthorized organizations from debiting your account via ACH, you must notify your bank to authorize ACH debits from Los Angeles County with a debit filter with the Company Identification Number of 0 0 0 0 0 7 9 1 6 1. Los Angeles County updated its Company Identification Number in September 2018, so you must update this Company Identification Number if you previously had a debit filter on your bank account.
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We accept major credit card and debit card payments. You will need your Assessor’s Identification Number (AIN), which is printed on your Secured Property Tax Bill, to complete the transaction. Please retain the confirmation number for future reference. Each credit/debit card transaction is limited to $99, 999.99, including a service fee of 2.22 percent of the transaction amount (minimum $1.49 per transaction). If you do not have the current year Secured Property Tax Bill, please call the Bill Request Line 24 hours a day, 7 days a week at 213.893.1103 to request a Substitute Secured Property Tax Bill.
Before sending your payment, we recommend visiting our Avoid Penalties by Understanding Postmarks to ensure there are no problems when mailing your payment.
Payments mailed to an address other than the address listed below, including any Assessor Office, that are received by the Los Angeles County Tax Collector after the delinquency date are delinquent and penalties will be imposed.
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If you are using an Independent Delivery Service, you must use an Internal Revenue Service designated delivery service, or one that has been approved by the Los Angeles County Tax Collector. The payment must be in a sealed envelope or package, properly addressed with the required fee prepaid; the package must have been sent on or before the delinquency date and delivery must be no later than 5:00 p.m. Pacific Time on the next business day after the effective delinquency date. For example, if December 10th falls on Monday, the package must be received in our office by
5:00 p.m. Pacific Time on Wednesday, December 12th. If December 10th falls on a Friday, the package must be received in our office by 5:00 p.m. Pacific Time on Tuesday, December 14th. Click the button below to view a list of accepted mailing services.
We accept major credit card and debit card payments over the telephone. To pay by telephone, call toll-free 1.888.473.0835. Your Secured Property Tax Bill contains your Assessor’s Identification Number (AIN), Year, and Sequence, which you will need to complete the transaction. Each credit/debit card transaction is limited to $99, 999.99, including a service fee of 2.22 percent of the transaction amount (minimum $1.49 per transaction).
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We accept cash, check, money order, cashier’s check, and major credit cards and debit cards at 225 North Hill Street, First Floor Lobby, Los Angeles, CA 90012, between 8:00 a.m. and 5:00 p.m. Pacific Time, Monday through Friday, excluding Los Angeles County holidays. Each credit/debit card transaction is limited to $75, 000.00, including a service fee of
We also accept payments at 335A East Avenue K-6, Lancaster, CA 93535, between 8:00 a.m. and 5:00 p.m. Pacific Time on the delinquency date only. You must make your payments by check, money order, cashier’s check, or major credit cards or debit cards. We do not accept cash payments at this location. Each credit/debit card transaction is limited to $75, 000.00, including a service fee of 2.22 percent of the transaction amount (minimum $1.49 per transaction).
Pay your taxes online using your checking account or credit/debit card. You will need your Assessor’s Identification Number (AIN) to
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