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Expert: Time to stop relying on PII for authentication

Discussion in 'CSO' started by RSS, Jun 12, 2015.

  1. RSS

    RSS New Member Member

    Last week, the IRS released an updated damage estimate of the hack of the tax transcript request website -- cyberthieves used the transcripts to file fraudulent returns in order to get their hands on as much as $39 million in tax refunds.

    What is more disconcerting, though, is that the hackers made 200,000 attempts at getting into the system -- and succeeded 100,000 times.

    That's because the IRS was using a series of personal questions to authenticate identity. Unfortunately, these days, the hackers often know more of our personal details than we know ourselves -- does anyone actually remember the street they lived on five moves ago?

    [ ALSO ON CSO Deconstructing an IRS Phishing scam ]

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