Insights

Unseen Tax Fraud and Identity Theft

Tax season is officially over and while some have already
happily saved (or spent) their tax returns, others may not be so happy. The IRS
has already released some of the numbers and scams from the 2013
tax season
, but what about those that have gone unseen? While the IRS has
made an extreme effort to increase their fraud prevention measures this year,
there are always a number of cases that slip through the cracks. Unfortunately
by this time, the damage is already done. While there is some hope that these
thieves will get caught, there is no guarantee that they will pay for their
actions.

Tax season is Christmas time for online identity thieves
because more Americans are filing their taxes online each year. So how can identity
theft be prevented
during this very vulnerable time? Some consumers may be
shocked to know that tax preparers are NOT liable for any crimes that are
found. This is a very scary thought for consumers who utilize online tax filing
and for companies that provide this service because consumers may not return.
These online companies would be wise to implement a stronger means of identity
verification and authentication in order to keep their customers happy and
most importantly, loyal. Having zero liability should not be seen as a benefit
to these companies but as a shame. If
these companies truly care about the safety of their reputation and consumers,
fraud prevention should be at the forefront of their values. Being able to add
layered security to your site can save your company time and money. To learn
more contact
us
and start the conversation about safer online business.


[Contributed by EVS Marketing]


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