BITS works to help prevent identity theft, tax fraud

04/23/2013 | BankInfoSecurity.com

Nancy Guglielmo, who oversees the fraud-reduction program for BITS, says the organization is homing in on tax fraud. "It's been quite an issue for the financial institutions, [and] it's really amazing how much this type of fraud has grown in the last couple of years," she said. "The IRS is struggling with this issue." Tax fraud is driven by the increase in identity theft, she said.

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