The IRS released an updated damage estimate of the hack of the tax transcript request website. Cyberthieves used the transcripts to file fraudulent returns in order to get their hands on as much as $39 million in tax refunds. Unfortunately, these days, the hackers often know more of our personal details than we know ourselves. It’s time for companies and agencies that use personal information for authentication to switch to more secure methods, said Vidhya Ranganathan, senior vice president of product at security vendor Accellion.”]
Source: https://www.csoonline.com/article/2934782/expert-time-to-stop-relying-on-pii-for-authentication.html