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Sunday, April 2, 2017

It Is Tax (and Fraud) Time Again. Are You Ready?

Over 150 million households file federal and state tax returns each year. With literally trillions of dollars flowing through the tax ecosystem, this time of year is extremely lucrative for cybercriminals. There are stiff penalties for filing a fraudulent return, to include fines up to $250,000 for an individual, $500,000 for a corporation, and up to three years in jail. If caught, the defrauder can also be required to compensate the government for the cost of prosecution of the tax fraud case. Regardless of potential repercussions, the numbers of fraudulently filed tax returns continues to rapidly increase. 

Fortinet Blog

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