E-filing taxes and identity theft

A recent Experian study reveals that tax filing, document collection and refund processing are done online more often, yet only 6% of consumers file taxes on a computer with up-to-date antivirus software.

  • 79% filed their most recent tax return online, up from 73% in 2011
  • 18% scan and save their tax documents electronically, up from 6% in 2011
  • More than 75% of respondents have used EFT for tax refunds

As electronic filing continues to grow, identity theft is likely to increase. While consumers should take steps to protect themselves, businesses also need to employ identity theft protection solutions to safeguard consumer information.

>> Identify and prevent fraud