Snapchat Falls Victim to Major W-2 Phishing Scheme

Snapchat recently revealed it had been hit by a major phishing scheme targeting different companies’ payroll and personnel departments. The photo sharing and messaging service said its payroll department had been tricked by a fraudulent email impersonating its CEO, Evan Spiegel, which led to the release of employee W-2 tax forms to unauthorized persons.

Phishing schemes have become the bane of the modern Internet age. Companies – big and small – are frequently duped by fraudsters using spoofing emails, a situation that highlights the need for people to be more vigilant to avoid the headaches that typically follow a data breach or identity theft.

Snapchat Falls Victim to Major W-2 Phishing Scheme