Cybercrime targeting SARS eFiling profiles is on the rise, posing a serious threat to both individuals and businesses. As an audit firm in the Western Cape, we stress the importance of taking proactive steps to prevent falling victim to these attacks, especially during Cyber Security Awareness Month. Strengthening your cybersecurity measures and working with a trusted accountant are key to safeguarding your financial information.

SARS itself highlights the importance of collaboration between taxpayers, SARS, and financial institutions to combat this form of cybercrime. Recently, the rise in profile hijackings has become so alarming that the Minister of Finance has permitted the Office of the Tax Ombud to review SARS’ response to these incidents.

What is eFiling Profile Hijacking?

eFiling profile hijacking occurs when cybercriminals use methods such as phishing or malware to access your personal or business SARS profile without your permission. Common tactics include fake emails, calls, or messages that appear to come from SARS, requesting you to verify your details or claim a refund. Once they have your login credentials, they can change your account information, divert refunds, or file fraudulent tax returns in your name.

What Happens if Your Profile is Hijacked?

If a fraudster gains control of your SARS eFiling profile, they can change your contact details, modify banking information to reroute refunds or file false tax returns on your behalf. This could lead to significant financial loss and create compliance issues with SARS, putting your business at risk.

How to Prevent eFiling Profile Hijacking

Prevention is crucial. Here are essential tips to protect yourself:

1. Use a strong, unique password for your eFiling profile and change it regularly.
2. Never share your login credentials, OTPs, or personal details with anyone, even if they claim to be from SARS.
3. Always access eFiling through the official SARS website or mobile app.
4. Avoid clicking on links in emails, SMS, or WhatsApp messages that claim to be from SARS.
5. Enable multi-factor authentication (MFA) on your eFiling profile for an added layer of security.
6. Keep your devices updated with the latest security software and antivirus programs.

Let Us Help You Stay Protected

As your accountants, we are well-equipped to help you avoid falling victim to these scams. We can verify any suspicious communication you receive, monitor your SARS profile for any irregularities, and ensure your tax information is secure.

In Summary

SARS profile hijacking is a growing concern, but with the right precautions, you can protect yourself and your business. Contact us if you receive any suspicious communication or need assistance securing your eFiling profile. We are here to ensure your financial safety and compliance with SARS regulations.