Just in time for tax season, the Cedar Rapids, Iowa-based preparation firm TaxAct reported a breach that led the company to freeze more than 9,000 customer accounts.
TaxAct, an arm of Blucora Inc., sent a letter to 450 customers informing them that an unauthorized third party accessed their accounts between Nov. 10 and Dec. 4, 2015.
"We have no evidence that any TaxAct system has been compromised and believe the third party used username and password combinations obtained from sources outside of our own system," the letter read. "In order to stop this unauthorized access, we have temporarily disabled your account."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
