January is when we all get our tax documents from banks, credit unions, brokerage houses, state and federal governments, and employers. And thieves know this. These documents contain the magic ingredient that's missing from most mass mailings --our Social Security numbers

It's Hunting Season
for Identity Thieves

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A recent security breach at a major tax preparation provider was a welcome surprise for alert fraudsters and a reminder to consumers that your secrets are safe from no one -- particularly this time of year.

January 10, 2006

H&R Block (NYSE: HRB) sent out an unwelcome promotional gift over the holidays -- free tax preparation software. The objectionable surprise wasn't the contents of the box; it's what was printed on the mailing label. Next to the recipient's name and address was a 40-character source code containing the addressee's nine-digit Social Security number. For alert fraudsters, it was one special delivery. According to the company, the inadvertent glitch was included in less than 3% of the promotional mailings. (The expanse of the campaign was not made public.) Within 72 hours of the December mailing mishap, H&R Block notified customers whose private data it broadcast via the postal system. Unfortunately, this is the season when such data is legitimately plastered all over the place. We're now entering the identity thief's version of the annual donor drive.

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Last Modified: 01 September, 2007 Copyright © 2006 by Broadband Times