Tag Archives: treasury department

Business Email Compromises Bilking U.S. Companies Out of $301M Per Month

The United States Treasury Department came out with a report last week that concludes that business email compromises (BEC) are costing U.S. companies more than $301 million per month. The report confirms that the two industries hit the hardest by these scams are manufacturing and construction. The report, issued by the Treasury Department’s Financial Crimes … Continue Reading

IRS admits 334,000 victims of fraudulent tax refunds due to security flaws on website

Not only did the IRS lose a flash drive with 12,000 school workers’ Social Security numbers on it in Texas (view related post), it admitted on August 17th that its initial estimate that 110,000 taxpayers’ personal information was used to file false tax returns this year is… well…actually 334,000 data breaches and upwards of 390,000 … Continue Reading
LexBlog