Sen. Bill Nelson (D-FL) is calling for a federal investigation to look into how criminals stole more than 70 South Florida residents' identities and used them to file fake tax returns. BankInfoSecurity reports that, in most cases, the thieves filed the tax returns electronically and had funds routed to bank accounts. Privacy expert Kirk Nahra, CIPP, of Wiley Rein, calls the theft a "perfect example of where efficiency and speed run up against potential problems." While the IRS has not commented on the incident, the reports states that Linda Foley of the Identity Theft Resource Center says it's likely the identities were stolen months or even years ago.
Full Story