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BizReport : Research archives : March 30, 2014

Top 3 tips to prevent ID Fraud during tax season

With less than a month to go before Tax Day in the US, many businesses and consumers are hurrying through physical forms or looking up online options for tax filing. Experts from iovation offer their tips for keeping taxpayers' identities safe through tax season.

by Kristina Knight

"We understand the difficulty faced by the IRS in preventing online and mobile fraud because we stop it every day for our clients. Tax season puts a spotlight on the need for businesses to protect their customers from cybercriminals--a charge we are passionate about leading," said iovation Vice President of Corporate Development, Jon Karl. "Ultimately, this type of online crime affects businesses and their customers, which is really all of us."

First: Use strong passwords. Include numbers, symbols and both upper and lower case letters. And change those passwords at least quarterly, say experts. Added to those strong passwords, don't leave your personal info on the return forms left on your hard drive, instead copy to a CD or Flash drive and then delete the personal data.

Second: Never respond to an 'initial contact' email from the IRS - because the IRS will never begin a contact with a taxpayer (business or personal) through email. The first contacts are always made via postal service.

Third: Keep your personal information private. Don't carry social security cards or ITIN forms with you on a daily basis, and don't keep copies of these forms on unsecured online sites.

Tags: identity fraud, iovation, tax season, tax tips

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