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.
Call it a 'cyber-tax': Those costs are usually passed on to consumers, not investors, as compromised businesses raise prices for goods and services.
Just ahead of its headline-grabbing attack on the Italian tax agency, the infamous ransomware group debuted an improved version of the malware featuring parts from Egregor and BlackMatter.
Italian authorities are investigating claims made by the LockBit ransomware gang that they breached the network of the Italian Internal Revenue Service (L'Agenzia delle Entrate). [...]
Miscreants boast of 78GB haul, officials say everything's fine The LockBit ransomware crew is claiming to have stolen 78GB of data from Italy's tax agency and is threatening to leak it if a ransom isn't paid by July 31.…