Beware of QuickBooks Update Scams

Many of us remember a hit song called “Gangnam Style” by the artist, Psy. He is a great example of a One-Hit Wonder. There is something to be learned from his success—you only need to hit it big once to make it big time. That song released in 2012 has given Psy a net worth of $60 million!

Cyber Thieves Are Phishing for Sensitive Information

Cyber thieves know well they need just one hit to make it big. That’s why now so many are using a scam about the false need to update software like QuickBooks. With so many relying on QuickBooks for efficient fiscal management, scammers love the “QuickBooks Update Scam.” The swindle features a fraudster posing as a representative of Intuit, QuickBooks’ parent company. They tell you that you must install an update. Other scams use the same tactics but use another software application as the reason for the call or email. This is just a ploy to extract sensitive information or spread malware. You must stay vigilant, understand the scammers tactics, then employ effective defensive strategies to counter these malicious attempts.

Beware of:

  1. Phishing Emails:  Fraudulent scam emails impersonating QuickBooks, Intuit or others claiming an essential software update is available, linking to deceptive websites that harvest credentials.
  2. Phone Calls:  Unsolicited calls alerting users to fake security or performance issues, leading them to download malicious files or provide remote computer access.
  3. Pop-Up Messages:  Pop-ups claiming necessary updates, which could install harmful software or grant unauthorized access.

How to avoid being victimized by a scamming 1-Hit Wonder:

  1. Verify the Source:  Ensure messages claiming to be from QuickBooks or Intuit or any provider are genuine. Validate email addresses, phone numbers, and website domains.
  2. Avoid Suspicious Links:  Refrain from clicking on questionable links in emails, pop-ups, or websites. Confirm updates and alerts directly through official provider channels.
  3. Enable Two-Factor Authentication:  Boost account security by enabling a second form of verification through a unique code sent to your mobile device.
  4. Educate Employees:  Inform staff about threats, emphasizing skepticism towards unexpected messages and the importance of source verification.
  5. Install Antivirus Software:  Use reliable antivirus software to safeguard computer systems from malware and ensure regular updates and scans.

Gangnam Style originated in the Gangnam neighborhood of Seoul, South Korea, where arrogant residents flaunted their fortunes in poor taste. Don’t finance Gangnam Style for any scammers!

Avoid the pitfalls of these scams with IT Radix’s advanced security solutions that enhance security and protection against cyberthreats. Call us today to learn more about how you can avoid these and similar ruses.