Intuit the value of validating business ideas Granny live cam photo

Posted by / 21-Dec-2017 01:43

Perhaps the bad guys are just picking on the industry leader.But with 29 million customers last year — far more than H&R Block or Tax Act (which each had about seven million) — Turbo Tax should also be leading the industry in security.I’ve written several stories on academic research that looked at the market for bulk-created online accounts sought after by spammers, such as free Webmail and Twitter accounts.That research showed that bulk-created accounts at services which required phone verification were far more expensive than accounts at providers that lacked this requirement.But Turbo Tax Chief Information Security Officer Indu Kodukula did say Turbo Tax will no longer display multiple profiles tied to a single email address when users attempt to reset their passwords by supplying an email address.“We had an option where when you entered an email address, we’d show you a list of user IDs that were associated with that address,” Kodukula said.Last month, Krebs On Security featured an in-depth story that stemmed from information provided by two former Intuit security employees who accused the company of making millions of dollars knowingly processing tax refund requests filed by cybercriminals.Those individuals shared a great deal about Intuit’s internal discussions on how best to handle a spike in account takeovers and fraudsters using stolen personal information to file tax refund requests on unwitting consumers.

And, unlike — which will happily let multiple users create accounts with the same Social Security number and other information — blocks this activity.True, fraudsters can outsource this account validation process to freelancers, but there is no denying that it increases the cost of creating new accounts because scammers must have a unique mobile number for every account they create.Turbo Tax should require all users to supply a working mobile phone number.Keep in mind that none of the security steps described below are going to stop fraud alone.But taken together, they do or would provide more robust security for Turbo Tax accounts, and significantly raise the costs for criminals engaged in this type of fraud.

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NO ‘KNOW YOUR CUSTOMER’ VALIDATION According to the interviews with Intuit’s former security employees, much of the tax refund fraud being perpetrated through Turbo Tax stems from a basic weakness: The company does not require new customers to do anything to prove their identity signing up for a Turbo Tax account.