|By Business Wire||
|January 24, 2014 01:28 PM EST||
As the IRS struggles to curb rising tax-identity theft rates, business tax e-filing service efile4biz.com is protecting its users by taking every possible precaution to keep stored data from falling into the wrong hands.
Tax-related identity theft on the rise
In 2012, the IRS identified over 1.8 million incidents of identity theft, a 78% increase over 2011 and more than four times the number reported in 2010. The number could be even higher in 2013, given that IRS investigations of tax-related identity theft increased 66% last year.
And the reality may be even worse: the number of actual incidents is “significantly greater than the amount the IRS detects and prevents,” according to a 2012 report by the Treasury Inspector General for Tax Administration (TIGTA), an independent office in charge of overseeing Department of Treasury matters involving the IRS. A follow-up report estimates that the IRS may have issued more than $3.6 billion in refunds to identity thieves in 2012 alone.
SSNs and TINs must be protected
In the most common tax identity fraud scenario, a thief uses a stolen Social Security Number (SSN) or Tax Identification Number (TIN) to file a fake tax return and claim a refund. ”Social Security Numbers are like gold to identity thieves,” says Christian Ferris, Director of Customer Experience at efile4biz.com. “They need to be protected at all costs.”
That burden of protection extends to business owners and accountants preparing to file 1099s online, according to Ferris. “As an employer, you’ve been entrusted with a highly sensitive piece of information. You have to treat it that way when preparing your tax information returns.” That includes, for example, being cautious when entering employee or contractor data on e-filing websites.
“The problem is that the e-filing industry is under a self-governing model when it comes to data security,” says Ferris. “Many of the e-file websites are mom-and-pop businesses with homegrown websites, printing Social Security Numbers on forms in their garages,” he points out. “They don’t have the resources to invest in top-notch security technologies. And they don’t have the expertise to keep data secure against hackers.”
Look for ‘multiple layers’ of security
The key, says Ferris, is to seek out an e-file provider that uses “multiple layers of security” to keep identity data safe. As an example, efile4biz.com uses state-of-the-art encryption technology from the instant the user enters data on the website, and all the way through the printing, mailing and e-filing process. “We use the security technology the government recommends for websites handling sensitive data,” says Ferris.
“But that’s not enough for us,” explains Ferris. “We’ve also been audited and certified by an independent organization to make sure we are up to the Service Organization Control (SOC) standards set by American Institute of Certified Public Accountants (AICPA).” The certification is only awarded to organizations that implement strict end-to-end business technologies and processes to protect customer data.
“Even our print facility is highly secure,” says Ferris. “It’s one of the few print-and-mail facilities in the country authorized by the IRS to print tax forms.” And for recipients who would rather not have their 1099s and W-2s mailed at all, efile4biz.com offers an e-delivery option. “If you provide an email address for your recipients, we’ll give them the option to download their forms via a secure link instead of sending it by mail. That way, they get to choose how they receive their forms.”
“We know we’re dealing with very sensitive data, and we want our customers to rest assured that it’s safe with us,” said Ferris. “That’s why we’ve gone to great lengths to ensure it is.”
Industry leader and IRS-authorized e-file provider, efile4biz.com (previously eFileforBusiness.com) has made online processing of 1099s and W-2s more convenient and economical than paper forms and installed software. Efile4biz.com offers comprehensive, front-to-back processing of tax information returns, including printing and mailing, optional electronic delivery to your recipients, and electronic filing with the IRS and SSA. Visit efile4biz.com.
Efile4biz.com is a member of the HRdirect family of brands. HRdirect brands include Poster Guard® Compliance Protection (the nation's leading labor law poster replacement service), G.Neil® (the nation's leading provider of employee management products), TrackSmart.com™ (online employee recordkeeping and attendance tracking for small businesses), and FMLA101.com (online tool for managing employee leave under the Family Medical Leave Act). For more information, visit HRdirect.com.
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service.
Oct. 21, 2016 07:15 AM EDT Reads: 858
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Oct. 21, 2016 07:15 AM EDT Reads: 1,261
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Oct. 21, 2016 07:00 AM EDT Reads: 4,362
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Oct. 21, 2016 06:45 AM EDT Reads: 1,775
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 21, 2016 06:15 AM EDT Reads: 454
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Oct. 21, 2016 06:15 AM EDT Reads: 4,612
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Oct. 21, 2016 05:45 AM EDT Reads: 5,033
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Oct. 21, 2016 05:00 AM EDT Reads: 3,907
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Oct. 21, 2016 04:30 AM EDT Reads: 3,066
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Oct. 21, 2016 04:30 AM EDT Reads: 16,196
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Oct. 21, 2016 04:15 AM EDT Reads: 1,707
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Oct. 21, 2016 04:00 AM EDT Reads: 10,926
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Oct. 21, 2016 03:30 AM EDT Reads: 3,744
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Oct. 21, 2016 03:15 AM EDT Reads: 3,836
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Oct. 21, 2016 03:15 AM EDT Reads: 1,643