The Internal Revenue Service warned that it already has seen business identity theft cases rise 250 percent through June.
The IRS logged 4,000 business identity theft cases in 2016, and through June this year it’s logged 10,000. Although those may seem like low numbers relative the overall number of returns businesses file, the dollar value elevates the fraud to a serious concern. Business identity theft caused $268 million in damage in 2016, up from $122 million in 2015. So far this year, the…
The Internal Revenue Service warned that it already has seen business identity theft cases rise 250 percent through June.
The IRS logged 4,000 business identity theft cases in 2016, and through June this year it’s logged 10,000. Although those may seem like low numbers relative the overall number of returns businesses file, the dollar value elevates the fraud to a serious concern. Business identity theft caused $268 million in damage in 2016, up from $122 million in 2015. So far this year, the…