News & Analysis as of May 5, 2025

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Tax Season = Phishing Season

Goldberg Segalla on 4/9/2025

Most professionals are aware of the April 15 tax deadline. We know that fraudsters certainly are! As Tax Day approaches in the U.S., we encourage all to be mindful of several phishing campaigns that Microsoft has observed...more

How to Defend Against Identity Theft This Tax Season

J.S. Held on 12/6/2024

In recent years, identity theft cases have surged, especially during tax season. According to the Internal Revenue Service (IRS), in 2022, the federal agency identified and prevented USD 5.7 billion in tax-related fraud, and...more

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

Foley & Lardner LLP on 8/26/2024

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

Decoded: Technology Law Insights, Volume 3, Issue 4

Spilman Thomas & Battle, PLLC on 3/2/2022

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

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

Snell & Wilmer on 8/14/2019

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

Taxpayer CyberSecurity — Step 1: Protect Your Systems!

Snell & Wilmer on 8/7/2019

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

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

Fisher Phillips on 1/29/2019

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

Internal Revenue Service Outlines Critical Cybersecurity Safeguards to Protect Sensitive Data

McDermott Will & Emery on 9/27/2018

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

Your Daily Dose of Financial News

Robins Kaplan LLP on 5/14/2018

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

Celebrate National Tax Security Awareness Week!

Snell & Wilmer on 11/27/2017

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

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

King & Spalding on 9/24/2015

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

IRS Sued For Failing To Protect Online Taxpayer Data From Hackers

King & Spalding on 9/4/2015

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

The IRS Acknowledges Data Breach Worse Than Reported

King & Spalding on 8/28/2015

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

IRS declares identity protection services not taxable

Robinson+Cole Data Privacy + Security Insider on 8/21/2015

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

IRS Admits Security Breach More Extensive

Lowndes on 8/18/2015

Earlier this year, the IRS announced that identity thieves had been able to hack one of its computer databases and gain access to extremely sensitive data. Back then, the IRS indicated that about 225,000 households had been...more

IRS Data Breach Draws Congressional Ire

King & Spalding on 6/3/2015

Responding to the recently disclosed Internal Revenue Service (“IRS”) data breach, congressional leaders are demanding answers from the agency regarding its handling of confidential tax information. Senate Finance Committee...more

With the IRS breach, it’s clear your data is at risk

Robinson & Cole LLP on 5/28/2015

The Internal Revenue Service (IRS) released on Tuesday, May 26, 2015, news of a major data breach, estimated to have affected 100,000 U.S. households’ tax returns. The data was wrongfully obtained from an IRS application...more

IRS Data Breach Results in Thousands of Fraudulent Tax Returns

Lowndes on 5/28/2015

On Tuesday, May 26th, 2015, the IRS disclosed that a data breach of its online Get Transcript application occurred when sophisticated hackers attempted to access over 200,000 personal tax accounts. More importantly, however,...more

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