IRS hack bigger in scope than initially believed, up to $50M stolen in fraudulent refunds

Posted on August 18, 2015August 18, 2015 by Authcom

$%name IRS hack bigger in scope than initially believed, up to $50M stolen in fraudulent refunds by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

The U.S. Internal Revenue Service (IRS) revealed on Monday that the hack disclosed to the public in May is bigger in scope than initially believed. According to the IRS, tax information belonging to thousands of other U.S. taxpayers have been stolen during the hack. The purpose of these cyberhits appears to be money related, as hackers have been using the information to generate fraudulent tax returns.

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