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Cybersecurity › Internal Revenue Service › Identity Theft

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 -
J.S. Held

How to Defend Against Identity Theft This Tax Season

J.S. Held on

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

Foley & Lardner LLP

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

Foley & Lardner LLP on

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

Foodman CPAs & Advisors

Data Theft Warning Signs From IRS

Foodman CPAs & Advisors on

IRS Awareness Campaign for the Summer 2023 focuses on data theft signs and the importance of staying alert against new and ongoing threats of tax-related identity in order to protect the taxpayer and the tax professional. ...more

Hinshaw & Culbertson LLP

Practical Tips to Mitigate the Risk of Being Hacked by Fake IRS or Google Voice Scams

Hinshaw & Culbertson LLP on

Risk Management Question - What are some of the newest hacking scams that may affect law firms and other businesses? The Issue - On October 27, 2021, the Federal Trade Commission (FTC) issued warnings to be on alert...more

Snell & Wilmer

Taxpayer Cybersecurity – Step 5: Create a Data Theft Recovery Plan

Snell & Wilmer on

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 4: Recognize Identity Theft

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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 2: Create A Data Security Plan

Snell & Wilmer on

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!

Snell & Wilmer on

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

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #198: Cybersecurity for Tax Professionals

Robinson+Cole Data Privacy + Security Insider on

This week, I was honored to again have the opportunity to participate as a speaker at the Internal Revenue Service’s Nationwide Tax Forum 2019 in Washington, D.C. Through a generous grant provided by the American Coalition...more

Bowditch & Dewey

Client Alert – Employers Beware: ‘Tis the Season for Data Theft

Bowditch & Dewey on

Because cybercriminals don’t take holidays, December is an appropriate time for all employers to take steps to protect tax data and identities (both their own and their employees’) in advance of the 2019 tax-filing season....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - November 2018 #5

Robinson & Cole LLP on

Some analysts have predicted that by 2020, there will be 20 billion Internet of Things (IoT) connected devices worldwide, which could grow to over 80 billion by 2025. Global sales of IoT devices were $80 billion in 2017, and...more

Brooks Pierce

Of Course I Meant to Send the Email, But Not to the Criminal - Court Rules that Companies Have a Duty to Train Employees on...

Brooks Pierce on

With the April 17 tax deadline fast approaching, businesses need to remain vigilant for employee reports (or more likely questions) about fraudulent tax returns being filed in their names. Multiple employee reports of...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

Winstead PC

Hurricane Hardship and Loan Relief Also Extended to Hurricane Irma, Pension Relief and a Cybersecurity Update

Winstead PC on

The Internal Revenue Service (the “Service”) issued and announcement providing relief from verification of the qualification of an individual’s request for a hardship withdrawal or a loan in order for a person to obtain the...more

Robinson+Cole Data Privacy + Security Insider

Federal Tax Treatment of Employer-Provided Identity Protection Services

Robinson+Cole Data Privacy + Security Insider on

In the wake of several recent high-profile security breaches, employers are increasingly viewing identity theft protection as an essential employee benefit for employees. According to Willis Towers Watson’s 2016 voluntary...more

Foley Hoag LLP - Security, Privacy and the...

Stolen Tax Returns? Virginia Seeks a Solution.

Foley Hoag LLP - Security, Privacy and the... on

Did someone steal your tax return? You are not alone. Indeed, the rise in tax-related identity theft has been well documented. In 2015, the FTC reported a 50% increase in identity theft complaints. A primary cause for...more

Latham & Watkins LLP

Keeping Your Company’s Data Safe This Tax Season

Latham & Watkins LLP on

Tax-related identity theft is nothing new, but tax season 2016 took tax schemes to a new level. Last year, our cyber experts advised a large cluster of clients (public and private companies) over a period of only two...more

Clark Hill PLC

Safeguarding Your Company from Cyber Tax Crimes - Take Action Now!

Clark Hill PLC on

As if tax season was not bad enough, the U.S. Internal Revenue Services ("IRS") recently issued an urgent alert warning that cybercriminal phishing scams are utilizing a new, more dangerously effective method for large-scale...more

BCLP

Dangerous W-2 Phishing Scam Evolving; Targeting Schools, Restaurants, Hospitals, Tribal Groups and Others

BCLP on

The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other...more

K&L Gates LLP

Phishing Season Opens for 2016 Tax Filings – Beware of “W-2 Phishing Scams”

K&L Gates LLP on

Tax season brings many headaches, but none as miserable as sophisticated scammer efforts to steal employee W-2 information. Using social engineering and modest technological tools, a “spear phishing” attack seeks to trick...more

King & Spalding

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

King & Spalding on

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

IRS declares identity protection services not taxable

Robinson+Cole Data Privacy + Security Insider on

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

Lowndes

IRS Admits Security Breach More Extensive

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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

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