100,000 federal student aid applicants at risk of identity theft after IRS breach

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April 09, 2017

Just when you thought it was safe to go into the water again . . . well, maybe not, but the IRS is back in the news and it's not positive. As I've said before the IRS has basically admitted it cannot keep its own citizens safe from security breaches. From an article by RT Question More:

The IRS has discovered a breach that could mean the personal information of up to 100,000 students and others who filed for financial aid from the federal program FAFSA was stolen by hackers.

Internal Revenue Service (IRS) Commissioner John Koskinen admitted that information from student financial aid applicants may have been stolen by hackers, including names, birth dates and Social Security numbers, during testimony to the Senate Finance Committee on Thursday.

The IRS has discovered a breach that could mean the personal information of up to 100,000 students and others who filed for financial aid from the federal program FAFSA was stolen by hackers.

Internal Revenue Service (IRS) Commissioner John Koskinen admitted that information from student financial aid applicants may have been stolen by hackers, including names, birth dates and Social Security numbers, during testimony to the Senate Finance Committee on Thursday.

When Senator Ron Wyden (D-Oregon) asked if the number of FAFSA applicants who had their information hacked could be higher than 100,000, the commissioner replied, “The number may grow, although we've continued to look at it and analyze it, ours -- at this point, all of the analytics with the Department of Education shows that the pool is about 100,000.”

He says that IRS filters stopped an estimated 52,000 returns from being processed, with 14,000 of those identified as illegal returns "that didn't get out the door, but were there." Less than 8,000 fraudulent tax returns were actually processed.

Koskinen told lawmakers that the IRS will notify all 100,000 taxpayers who may be at risk, with 35,000 letters already sent to potential victims.

There is currently an ongoing criminal investigation into the breach.


 

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