In recent months, we’ve seen a scam aiming to social engineer payroll information out of employees hit well-known companies like Snapchat and Seagate. The fraudsters’ goal is to get employees’ personal information and salary data, and file tax returns to collect refunds under their names. Now the tax scammers have found the ultimate source of payroll data: they’re able to access some companies’ accounts with payroll processing company ADP. [More]
tax return fraud
IRS Officials, Congress Agree That Agency Needs Better Anti-Fraud Measures
By 6.2.15
Congress was understandably alarmed at the news that cyberbaddies, believed to be criminals based in Russia, were able to gain access to previous years’ return data for 104,000 U.S. taxpayers. The Senate Finance Committee held a hearing today, where the Inspector General of the IRS explained that the agency simply isn’t keeping up with the criminals who want its data. [More]
Ex-Employees Claim Intuit Let Fraudulent TurboTax Returns Through For The Money
By 2.23.15
Are fraudulent tax returns the fault of the IRS, or caused by a weakness in the most popular software programs that consumers use to file their taxes? Former employees of Intuit, maker of TurboTax, allege that the company prevented security staff from flagging and shutting down obviously fraudulent accounts. Why? Market share. Fraudsters were ditching TurboTax and using other tax software when the company flagged their returns. [More]
