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Cyber Attacks Internal Revenue Service

Foley & Lardner LLP

National Public Data Hack Exposes Millions: Essential Steps to Safeguard Your Identity and Combat Fraud

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The recent massive data breach at National Public Data (NPD), a background check company, has potentially compromised the personal information of millions, if not billions, of individuals, including their Social Security...more

Ankura

Ankura CTIX FLASH Update - September 2022

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"EvilProxy" Provides Low-Skill Threat Actors Access to Advanced Phishing Techniques - A new Phishing-as-a-Service (PaaS) platform dubbed "EvilProxy" has been discovered by Resecurity researchers. PaaS platforms allow...more

Spilman Thomas & Battle, PLLC

Decoded: Technology Law Insights, Volume 3, Issue 4

War in the Time of Crypto - "In the Russia-Ukraine conflict, which side is crypto helping? Both." Why this is important: The world continues to watch Russia's invasion of Ukraine as it dominates news outlets. An...more

McDermott Will & Emery

Weekly IRS Roundup November 29 – December 3, 2021

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Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 29, 2021 – December 3, 2021... November 29, 2021: The IRS published a news release...more

BakerHostetler

Blockchain 50 Published, Exchanges Expand Services, Enforcement Actions by SEC, CFTC and International Tax Authorities, Hacks...

BakerHostetler on

Forbes Publishes Blockchain 50, Cryptocurrency Exchanges Expand Services - This week, Forbes published its second annual Blockchain 50 list, recognizing the 50 largest companies with significant blockchain technology...more

Robins Kaplan LLP

Financial Daily Dose 2.10.2020 | Top Story: Volvo May go Public Via Merger With Owner’s Geely Automobile Holdings

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Volvo’s owner, Li Shufu, is mulling over a move to combine the carmaker with his publicly traded Geely Automobile Holdings—a play that would take Volvo public and “unify the bulk of billionaire Li’s growing stable of...more

Snell & Wilmer

Taxpayer Cybersecurity – Step 3: Avoid E-mail Phishing Scams

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The Security Summit, consisting of the Internal Revenue Service (“IRS”), state tax agencies, and private-sector tax industry officials, is encouraging tax professionals during the 2019 summer season to take some time to...more

Snell & Wilmer

Taxpayer CyberSecurity — Step 1: Protect Your Systems!

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In March 2015, the Internal Revenue Service (“IRS”) convened an unprecedented coalition of state tax agencies and private-sector tax industry officials to fight back against emerging criminal syndicates exploiting sensitive...more

Fisher Phillips

Don’t Take the Bait! “Spear Phishing” and “Whaling” Take Scams to the Next Level

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For several years now, we’ve been alerting employers about the dangers of phishing scams that attempt to obtain private and personal information from employers... Many of these scams rear their ugly head around tax season,...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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More on the rather shocking departure of John Flannery from GE, the Board that didn’t want to give him any more leash for his turnaround plans, and the future of the embattled corporate giant under Larry Culp....more

McDermott Will & Emery

Internal Revenue Service Outlines Critical Cybersecurity Safeguards to Protect Sensitive Data

McDermott Will & Emery on

The Internal Revenue Service and the Security Summit partners recently issued a news release outlining the “Security Six,” a list of essential steps to protect stored employee information on networks and computers. Employee...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

Chalk one up for big Carl (and Darwin).  Xerox announced this weekend that it’s bowing to Icahn’s pressures and ending its $6.1 billion combination with Fuji....more

Snell & Wilmer

Celebrate National Tax Security Awareness Week!

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While it may be better known as “Cyber Monday”, today also marks the start of the second annual National Tax Security Awareness Week (November 27 to December 1). The Internal Revenue Service, state tax agencies and the tax...more

Patterson Belknap Webb & Tyler LLP

Another Bumpy Week for Equifax: Virus Hits Website, IRS Suspends Contract and Hacked UK Residents Notified

It was another chaotic week for Equifax Inc., still scrambling to stem the torrent of bad news after its massive data breach last month that has potentially affected more than half of the U.S.’s adult population....more

Foodman CPAs & Advisors

Is your Tax Preparer qualified to do your Return? Beware of Tax Preparers without a Preparer Tax Identification Number (PTIN) or...

Do you think that you have hired the right Tax Preparer to prepare your Taxes? Tax Season is here and many Tax Preparers portray themselves as “Qualified”. Tax Preparers have different levels of skills, education and...more

Nossaman LLP

IRS Data Breach Class Action Dismissed

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Last week, the Internal Revenue Service successfully defeated a putative class action related to a data breach it suffered in 2015. The D.C. District Court’s decision dismissing the suit demonstrates the high bar required to...more

Robinson+Cole Data Privacy + Security Insider

IRS shuts down electronic filing PIN program

Last week, the IRS announced that the electronic filing personal identification number tool (e-file PIN), used by taxpayers to verify their signature on their tax filings, “is no longer available.”...more

Robinson+Cole Data Privacy + Security Insider

Government report critiques the IRS’ handling of 2015 data breach

According to a government report publicly released last week, the IRS failed to adequately respond to a May 2015 cyber-attack on its “Get Transcript” application that potentially compromised at least 621,000 taxpayer...more

King & Spalding

Senate Legislation Seeks To Protect Taxpayer Data In Response To IRS Data Breach

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On September 11, 2015, Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) introduced a bill aimed at combating identity theft and tax rebate fraud. The legislation comes as the Internal...more

Robinson+Cole Data Privacy + Security Insider

32 alleged IRS hackers arrested

The federal government has arrested 32 members of the Insane Crip gang and charged them with 283 counts of criminal conspiracy, 299 counts of identity theft, 226 counts of grand theft and 58 counts of attempted theft through...more

King & Spalding

IRS Sued For Failing To Protect Online Taxpayer Data From Hackers

King & Spalding on

On August 20, 2015, affected taxpayers filed a class action lawsuit in the United States District Court for the District of Columbia against the Internal Revenue Service (the “IRS”) for failing to secure the personal...more

King & Spalding

The IRS Acknowledges Data Breach Worse Than Reported

King & Spalding on

On August 17, 2015, the Internal Revenue Service (“IRS”) announced that a breach of U.S. taxpayers’ personal information, first disclosed in May, was three times worse than previously thought. While initial reports indicated...more

Robinson+Cole Data Privacy + Security Insider

IRS sued in putative class action for lax security

Following the IRS’ admission that its data breach was actually larger than it originally reported and caused fraudulent tax returns to be filed affecting over 330,000 taxpayers, the IRS was sued this week in a proposed class...more

Robinson+Cole Data Privacy + Security Insider

IRS admits 334,000 victims of fraudulent tax refunds due to security flaws on website

Not only did the IRS lose a flash drive with 12,000 school worker’s Social Security numbers on it in Texas, it admitted on August 17th that its initial estimate that 110,000 taxpayers’ personal information was used to file...more

Robinson+Cole Data Privacy + Security Insider

IRS declares identity protection services not taxable

The IRS announced last week that the value of identity theft protection services are not taxable and do not have to be included in gross income calculations for tax purposes. Identity theft continues to be the number one...more

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