There is now greater chances that the cyber thieves could impersonate thousands of taxpayers since the illegally obtained information include specific data such as birth dates and Social Security numbers. Thieves could use this information to collect tax refunds, file false federal tax returns, and many more tax related illegal activities.
Previously, the tax agency reported in May 2015 that it found 114,000 US taxpayer data were illegally accessed using the “Get Transcript” since January 2014.
The “Get Transcript” application enables individuals to view information from the tax returns of the previous years. After the cyber-attack was uncovered in May, the IRS website app was immediately discontinued. For the full article click here
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