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Cyber Thieves Nab Billions in Tax Returns

Mon, 03/25/2013 - 9:56am

by Jennifer Booton

ShutterstockAs more people take advantage of the convenience of filing taxes online, organized criminals are snatching identities and stealing billions of dollars in tax refunds.

IRS tax fraud and identity theft has been occurring over the last decade, but the problem has been intensifying despite the government's efforts to thwart attacks and has been a “significant problem” over the past five years, said Robert Siciliano, an online security expert at McAfee.

Florida has become a hub for tax cyber crime and the Mexican Mafia is involved, he said.

Read more.

Source: FOX Business

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