Tax rules shape how organizations protect financial records, manage sensitive identity data, and meet legal duties for cybersecurity and reporting.
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Background for this topic.
Tax is a compulsory payment to a government, calculated under rules that may apply to individuals, businesses, property, transactions, or income. Tax administration depends on records such as identity details, bank-account information, income data, payroll records, and business financial information. Tax agencies, employers, financial institutions, and tax professionals may exchange or store this data through filing portals, application interfaces, email, and document-management systems.
Its security relevance is concentrated in confidentiality, integrity, and identity assurance. Stolen credentials or altered taxpayer records can support fraudulent filings, redirected refunds, or unauthorized access to sensitive financial information; phishing and compromise of a preparer or employer can expose many records at once. Appropriate controls include strong authentication, least-privilege access, encryption, secure data exchange, tamper-evident audit logs, and retention limits consistent with privacy and legal obligations. Security teams should also monitor filing and account changes, verify unusual requests through trusted channels, and maintain procedures for investigating suspected fraud or unauthorized disclosure.
Weekly headline count for the current query.
Went from triumph at having busted tax dodgers to embarrassment at losing the proceeds South Korea’s National Tax Service has apologized after it leaked passwords to a stash of stolen crypto, which parties unknown used to make off with the digi-cash.…
Direct debits? Maybe February. Birth certificates? Dream on. Council tax bills? Oh, those are coming Hammersmith & Fulham Council says payments are now being processed as usual, two months after a cyberattack that affected multiple boroughs in the UK's capital city.…
Health details, tax ID numbers, even images of checks were stolen, reportedly by the Interlock gang Ransomware scum breached kidney dialysis firm Davita's labs database in April and stole about 2.4 million people's personal and health-related information.…
US court docs reveal that infamous Chinese snoops filed IP papers like tax returns Security researchers have uncovered more than a dozen patents for offensive cybersecurity tools filed by Chinese companies allegedly tied to Beijing's Silk Typhoon espionage crew.…
PLUS: APNIC completes re-org; India cuts costs for chipmakers; Infosys tax probe ends; and more Asia In Brief Australia’s Federal Police (AFP) last week announced charges against four suspects for alleged participation in a money-laundering scheme that involved a security company’s armored cash transport unit.…
It’s definitely not a cyberattack though! Really! The UK's tax collections agency says cyberbaddies defrauded it of £47 million ($63 million) late last year, but insists the criminal case was not a cyberattack.…
Sick of paying the US tech tax and relinquishing talent to other continents, politicians finally wake up The European Commission (EC) has kicked off a scheme to make Europe a better place to nurture global technology businesses, providing support throughout their lifecycle, from startup through to maturity.…
PLUS: Malaysia teams with Arm for local chip designs; NTT warns of possible breach; Samsung strikers settle; and more Asia in Brief India’s government has proposed giving its tax authorities sweeping powers to access private email systems and applications.…
And the government thinks that AI and taking shackles off big tech will help? God help Britain For the first time since the start of the pandemic, the number of tech firms incorporated in the UK has declined, with a shrinking economy, as well as high inflation and interest rates causing a slump in business confidence.…
TaxSlayer, H&R Block, TaxAct, and Ramsey Solutions accused of sharing info with Meta and Google A quartet of Democratic lawmakers have penned a letter to the US Department of Justice asking it to prosecute tax preparation companies for sharing customer data, including tax return information, with Meta and Google.…
Add 'ransomware' to the list of certainties in life? Notorious ransomware gang LockBit claims once again to have compromised eFile.com, which offers online services for electronically filing tax returns with the US Internal Revenue Service (IRS).…
Add 'ransomware' to the list of certainties in life? Notorious ransomware gang LockBit claims to have compromised eFile.com, which offers online services for electronically filing tax returns with the US Internal Revenue Service (IRS).…
This one weird trick saved countless hours and stress – no, really Not long after Windows PCs and servers at the Australian limb of audit and tax advisory Grant Thornton started BSODing last Friday, senior systems engineer Rob Woltz remembered a small but important fact: When PCs boot, they consider barcode scanners no differently to keyboards.…
Phishing season started early with crims intent on the hooking early filers As the digital wolves dress in sheep's tax forms, Microsoft has thrown a spotlight on a crafty 2024 phishing expedition, unraveled in January, that preys on the unsuspecting herd of early tax filers.…
$1.3 billion lost as identity fraud – and greed – saw 57,000 or more seek unearned tax refunds One hundred and fifty people who worked for the Australian Taxation Office (ATO) have been investigated – and some prosecuted – for participating in a tax refund scam promoted on Facebook and TikTok.…
Tactical#Octopus: Don't let users click on that zip file The last few days of America's tax season are stressful enough, dealing with deadlines and, increasingly, online scams. Now comes another one, a sophisticated and ongoing phishing campaign by a threat group dubbed "Tactical#Octopus" that is using tax-related lures to spread malware.…
Contractors left hanging while principals splurged on luxury goods Three of the principals of an Australian scheme that offered free payroll services to tech contractors have been found guilty of conspiring to defraud the Commonwealth and conspiring to deal with the proceeds of crime.…
Turns a $100 bottle of wine into a $4 soft drink to avoid tax, earns ire of international tax group Tax authorities from Australia, Canada, France, the UK and the USA have conducted a joint probe into "electronic sales suppression software" – applications that falsify point of sale data to help merchants avoid paying tax on their true revenue.…
We're not talking princes here Four men suspected of committing wire fraud and identity theft have been arrested and now face extradition to America. It is alleged they conspired to break into US companies' servers, steal people's personally identifiable information (PII), use that info to file fraudulent tax returns, and collect their victims' tax refunds.…
PLUS: China’s digital currency surges; Infosys tax portals wobble again; Singapore crypto protections; and more Asia In Brief India's government has given itself the power to compel social networks to take down content.…