|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.
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 ...
Dec. 11, 2016 12:00 AM EST Reads: 1,111
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 11, 2016 12:00 AM EST Reads: 2,393
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 11, 2016 12:00 AM EST Reads: 909
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 10, 2016 11:45 PM EST Reads: 1,796
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 11:15 PM EST Reads: 1,219
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 10, 2016 10:15 PM EST Reads: 2,073
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 09:15 PM EST Reads: 1,355
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 10, 2016 07:30 PM EST Reads: 1,822
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 10, 2016 07:00 PM EST Reads: 4,159
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 10, 2016 06:30 PM EST Reads: 1,973
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 10, 2016 06:30 PM EST Reads: 1,551
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 10, 2016 06:30 PM EST Reads: 1,036
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 10, 2016 06:15 PM EST Reads: 1,099
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 05:30 PM EST Reads: 1,012
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 10, 2016 05:15 PM EST Reads: 1,428