BWW Geeks World

Study: Four in Five Taxpayers Are at Risk of Identity Theft

January 28
9:39 2013
Study: Four in Five Taxpayers Are at Risk of Identity Theft

ThreatMetrix, the fastest-growing provider of integrated cybercrime prevention solutions, has identified the top precautions taxpayers should take when e-filing to protect their returns against cybercriminals. According to Forbes, more than 80 percent of taxpayers filed electronically in 2012. That number is expected to grow this year as the IRS pushes e-filing as an "easier and faster process," meaning billions of refund dollars are at risk.

"The information you provide an online tax preparation service is a goldmine for criminals who want to steal your identity," said Alisdair Faulkner, chief products officer, ThreatMetrix. "Targeting e-filers is also attractive to cybercriminals because tax fraud is particularly difficult to detect. Unlike traditional tax filing, e-filing leaves no signed tax forms, envelopes or fingerprints."

According to the Wall Street Journal, tax-identity theft exploded to more than 1.1 million cases in 2011, with an additional 1.5 million potentially fraudulent 2011 tax refunds Discovered by the Treasury Inspector General for Tax Administration last summer. To prevent this from happening on 2012 tax returns, ThreatMetrix has identified five precautions taxpayers can take to safeguard their accounts and information while e-filing:

Related Links
THine's Full-HD TCON Is Adopted to a Japanese Leading Automotive Customer's High-Resolution Center Information DisplaysTHine's Full-HD TCON Is Adopted to a Japanese Leading Automotive Customer's High-Resolution Center Information Displays
May 05, 2016
Senior Film MARGARET Wins Award at Dada Saheb Phalke Film FestivalSenior Film MARGARET Wins Award at Dada Saheb Phalke Film Festival
May 05, 2016
SEO Agency eMagic Announces the Launch of a New Search Marketing Solution Called SearchMagicSEO Agency eMagic Announces the Launch of a New Search Marketing Solution Called SearchMagic
May 05, 2016
CES Asia 2016 Exhibitor ProfilesCES Asia 2016 Exhibitor Profiles
May 05, 2016
EY Announces Luke Kanies, Founder and CEO of Puppet, as an EY Entrepreneur Of The Year 2016 Finalist in the Pacific Northwest EY Announces Luke Kanies, Founder and CEO of Puppet, as an EY Entrepreneur Of The Year 2016 Finalist in the Pacific Northwest
May 05, 2016


About Author

   Subscribe to Author Alerts

GEEKS VIDEOS



Become a Fan, Follower & Subscriber

           Facebook Like Follow