Data breach rocks the Internal Revenue Service

Filing taxes is never a worry-free task, but for some taxpayers, the 2014 tax season just got a little more stressful.

By Chris DiMarco | May 27, 2015 at 08:18 AM

Editor's Note: This story first appeared at LegalTechNews, an ALM property. Click here to view the original post.

Filing taxes is never a worry-free task, but for some taxpayers, the 2014 tax season just got a little more stressful. The Internal Revenue Service (IRS) is reporting that a major cyberbreach has compromised the sensitive information of as many as 100,000 American taxpayers, according to comments made by U.S. IRS Commissioner John Koskinen on May 26.

Among the information potentially compromised were Social Security numbers, birthdates and addresses. The IRS says that while hackers made over 200,000 attempts to access information, only around 100,000 households were affected.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

By Brittney Meredith-Miller | May 03, 2024

Just four months into 2024, CoreLogic reports 1.75 million acres in the U.S. have been burned by wildfires.

Metro areas with the most wildfire loss exposure

By Ashley Hattle-Cleminshaw | May 03, 2024

Legacy technology at Change Healthcare was missing multifactor authentication, giving cybercriminals an easy way in.

Senators blast UnitedHealth CEO for lackluster cybersecurity, monopoly

By Steve Hallo | May 03, 2024

The biggest and smallest deals fail to garner the type of long-term success found in midsize, 'just right' transactions, ACORD reports.

'Goldilocks principle' underpins long-term value from carrier M&A deals
Commercial Property Preparedness: Bracing for Changing Risks link

eBook

Sponsored by OneShield

Commercial insurers have faced many challenges in 2023 due to a record number of billion-dollar weather events, inflation and a tightening reinsurance market. The increasing focus on individual risk levels in the reinsurance market requires insurers to embrace new technology, data, and tools to improve loss ratios and customer satisfaction. This eBook explores solutions to navigate these challenges and enhance risk management capabilities.

7 Proven Strategies for Implementing a Workers' Comp Cloud Platform link

White Paper

Sponsored by Origami Risk

Explore common pitfalls in core insurance transformations and how to avoid them. Discover comprehensive strategies and best practices to successfully plan and execute a cloud implementation in this comprehensive white paper.

The Ultimate Guide to SMS/Text Messaging Compliance link

Guide

Sponsored by gryphon.ai

This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties.