In the wake of several recent high-profile security breaches, employers are increasingly viewing identity theft protection as an essential employee benefit for employees. According to Willis Towers Watson’s 2016 voluntary benefits and services (VBS) survey, identity theft protection, offered by 35 percent of employers in 2015, could double to nearly 70 percent by 2018. Recognizing the changing needs of the workforce, employer-provided identity theft protection typically includes some form of coverage for financial losses (which can include lost wages) as well as case management services for victims of identity theft.
Continue Reading Federal Tax Treatment of Employer-Provided Identity Protection Services
identity theft
Data Breach Class Action Case Dismissed Against Barnes & Noble
A federal judge in Illinois dismissed the class action lawsuit filed against Barnes & Noble stemming from a data breach in 2013. The breach occurred when credit and debit card PIN pads were compromised at 63 Barnes & Noble stores.
The Judge found that the consumers did not plead sufficient harm in order to state…
Former IRS Employee Reports to Prison for Identity Theft and Fraud
Nakeisha Hall was sentenced in federal district court in August to serve nine years and two months in prison after she plead guilty for crimes she committed while working for the IRS Taxpayer Advocate Service. Instead of advocating for taxpayers, she actually used taxpayers’ personal information to commit fraud and identity theft against them.
Her…
MedStar Health Cardiology Associates Employee Emails Patient Information to Personal Account and Gets Fired
MedStar Health Cardiology Associates, (“MedStar Cardiology”) affiliated with MedStar Health, which was recently in the news for a ransomware attack, discovered that an employee sent protected health information of 907 patients to a personal email account.
The information contained in the email included the patients’ names, dates of birth, health insurance ID numbers, and some…
Eddie Bauer Latest Victim of Point-of-Sale Compromise
Eddie Bauer announced on August 18 that it is the latest retailer who has become a victim of a “sophisticated” cyber intrusion that has all of the cash registers in the 350 Eddie Bauer stores throughout the U.S. and Canada.
The malware compromised the point-of-sale system and compromised the names, credit and debit card numbers,…
Tax season may bring more breaches; new victim, TaxAct
This tax season, the Internal Revenue Service (IRS) has been working closely with big tax preparation vendors and chains to improve the security this year and safeguard against widespread identity theft. The IRS is now requiring stricter password standards, a new timed lockout feature and limited unsuccessful log-in attempts, along with three security questions. The…
Lab tech indicted for identity theft
A lab tech working at a Las Vegas pediatric cardiology practice has been indicted on one count of illegal use and disclosure of patient health information and one count of aggravated identity theft. The lab tech had previously been convicted of Medicaid fraud for submitting false Medicaid claims and was sentenced to serve 12 to…
Uber class action case hits roadblock
A California federal judge has ruled that a former Uber driver who is suing Uber in a proposed class action case was unable to show that he suffered an immediate threat of identity theft and dismissed the driver’s first amended complaint.
The driver alleges that Uber failed to keep his personal information, and that of…
32 alleged IRS hackers arrested
The federal government has arrested 32 members of the Insane Crip gang and charged them with 283 counts of criminal conspiracy, 299 counts of identity theft, 226 counts of grand theft and 58 counts of attempted theft through a $14.3 million identity theft and tax fraud scheme of filing fraudulent tax returns.
Millions of Americans…
Premera Blue Cross reveals data breach of over 11 million members’ information
The luck of the Irish was not with Premera Blue Cross’s (Premera) on St. Patrick’s Day, when the health insurer announced a breach of approximately 11 million of its members’ personal information due to a sophisticated cyberattack that started in May 2014. According to Premera, cyber hackers gained access to Premera’s member information through its…