Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

2/15/2018
05:20 PM
Connect Directly
Twitter
RSS
E-Mail
50%
50%

IRS Reports Steep Decline in Tax-Related ID Theft

Research group Javelin confirms that the numbers are trending in the right direction, with total fraud losses dropping more than 14% to $783 million.

The Internal Revenue Service has reported a significant decrease in tax-related identity theft for the second year in a row, pointing to its Security Summit program with state tax agencies and the tax industry as the reason for the improved numbers.

The Security Summit program, which was formed in 2015 to combat tax-related identity theft, provides multiple behind-the-scenes safeguards to protect taxpayers such as providing security best practices tips and enhancing taxpayer authentication procedures, for example. 

According to the IRS, the agency in 2017 received 242,000 reports from taxpayers that they were victims of tax-related identity theft, compared to 401,000 in 2016 - a drop of nearly 40%.

"These dramatic declines reflect the continuing success of the Security Summit effort," says Acting IRS Commissioner David Kautter. "This partnership between the IRS, states and tax community is helping protect taxpayers against identity theft. More work remains in this effort, an we look forward to continuing this collaborative effort to fight identity theft and refund fraud."

Some Progress

Al Pascual, senior vice president, research director and head of fraud and security at Javelin Strategy & Research, says that while the IRS has made progress, taxpayers need to understand that criminals are still keeping up the pressure.

Javelin, which tracks and conducts research on identity theft, found that reported incidents of tax-related identity fraud actually increased from 392,000 in 2016 to 425,000 in 2017. Pascual says these are people who told Javelin they were hit with tax-related identity fraud, but might not have necessarily reported it to the IRS.

The good news overall is that the total number of actual refund loss has gone down – as has the average amount, he says. Actual refund loss declined to $783 million in 2017, from $914 million in 2016. And the average individual refund loss dropped a little more than 14% to $1,750 in 2017, down from $2,214 in 2016.

"What's happened is that there are more cases, but the criminals are getting away with less money," Pascual says. "Overall, it's trending in the right direction because the total amount of money stolen has gone down."

Related Content:

 

 

Black Hat Asia returns to Singapore with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier solutions and service providers in the Business Hall. Click for information on the conference and to register.

Steve Zurier has more than 30 years of journalism and publishing experience, most of the last 24 of which were spent covering networking and security technology. Steve is based in Columbia, Md. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
44% of Security Threats Start in the Cloud
Kelly Sheridan, Staff Editor, Dark Reading,  2/19/2020
Zero-Factor Authentication: Owning Our Data
Nick Selby, Chief Security Officer at Paxos Trust Company,  2/19/2020
Firms Improve Threat Detection but Face Increasingly Disruptive Attacks
Robert Lemos, Contributing Writer,  2/20/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
How Enterprises Are Developing and Maintaining Secure Applications
How Enterprises Are Developing and Maintaining Secure Applications
The concept of application security is well known, but application security testing and remediation processes remain unbalanced. Most organizations are confident in their approach to AppSec, although others seem to have no approach at all. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-9351
PUBLISHED: 2020-02-23
An issue was discovered in SmartClient 12.0. If an unauthenticated attacker makes a POST request to /tools/developerConsoleOperations.jsp or /isomorphic/IDACall with malformed XML data in the _transaction parameter, the server replies with a verbose error showing where the application resides (the a...
CVE-2020-9352
PUBLISHED: 2020-02-23
An issue was discovered in SmartClient 12.0. Unauthenticated exploitation of blind XXE can occur in the downloadWSDL feature by sending a POST request to /tools/developerConsoleOperations.jsp with a valid payload in the _transaction parameter.
CVE-2020-9353
PUBLISHED: 2020-02-23
An issue was discovered in SmartClient 12.0. The Remote Procedure Call (RPC) loadFile provided by the console functionality on the /tools/developerConsoleOperations.jsp (or /isomorphic/IDACall) URL is affected by unauthenticated Local File Inclusion via directory-traversal sequences in the elem XML ...
CVE-2020-9354
PUBLISHED: 2020-02-23
An issue was discovered in SmartClient 12.0. The Remote Procedure Call (RPC) saveFile provided by the console functionality on the /tools/developerConsoleOperations.jsp (or /isomorphic/IDACall) URL allows an unauthenticated attacker to overwrite files via vectors involving an XML comment and /.. pat...
CVE-2020-9355
PUBLISHED: 2020-02-23
danfruehauf NetworkManager-ssh before 1.2.11 allows privilege escalation because extra options are mishandled.