Agency Fight against Fraud and Identity Theft
In the Final Report issued on March 28, 2014 , the office of the Treasury Inspector General for Tax Administration said that it identified and confirmed 28,076 fraudulent tax returns involving identity theft.
“Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS,” said IRS Commissioner John Koskinen. Just days before the April tax return deadline, the IRS said it had started 295 additional identity theft investigations that pushed the total number of active cases to more than 1,800.
Tax fraud based on identity theft is very real, and the losses to individuals and the government are huge. The recent tax fraud and security breach, taking the form of telephone calls from supposed IRS agents, has defrauded thousands of people who have been tricked into paying false tax claims.
An additional concern is that the methodology used in these attacks can be retargeted against businesses and other agencies. It’s important to note that the fraudsters have already demonstrated that they’ve collected personal information that could be used in identity fraud crimes focused on these larger entities.
That’s why agencies and businesses require strong, secure multi-factor digital identity authentication and fraud prevention tools and processes for protection. These solutions work to keep your most critical information and your employees safe from the ever-increasing threat of cybercrime.
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