The holidays are the prime season for criminals shopping for credit card numbers, financial account information, Social Security numbers and other sensitive data that could help them file a fraudulent tax return.
The Internal Revenue Service recommended this week that anyone who has an online presence should take seven simple steps that could go a long way to protect their identity and personal information.
Cybercriminals seek to turn stolen data into quick cash, either by draining financial accounts, charging credit cards, creating new credit accounts or using stolen identities to file a fraudulent tax return for a refund.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
