TaxAct Breached; Personal Info Stolen

Tax software maker TaxAct has announced that their system was breached and some customers info was stolen. The information consisted of Social Security numbers, addressed, names, driver's license numbers and bank account information.

The company said the breach was in 2015 and that once they found a small percentage of customers data stolen, they took measures to stop the breach. A TaxAct spokeswoman said Wednesday: "We recently suspended a small number of accounts – less than 0.25 percent (less than one quarter of 1 percent) – after identifying instances of suspicious activity. As a result of our existing processes, we identified the issue early and prevented any further data from being compromised."

TaxAct said customers need to access their accounts and change their passwords. "We have investigated the incident and taken the necessary steps to prevent this unauthorized access from recurring as well as mitigate its effect on you,” TaxAct wrote to its customers.

TaxAct is offering a year of free credit monitoring and a $1 million insurance reimbursement policy and access to ID protection experts.

Source: SCMagazine