Welcome!

News Feed Item

Efile4biz.com Keeps Data Secure from Growing Identity Theft Threats

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.”

About efile4biz.com

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developer...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, ...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...