Ms. Olson, appointed by Congress to protect taxpayers' interests, says the IRS has 21 units dealing with ID theft.
The FSA found that CPP overstated the risks and consequences of ID theft when this insurance was being sold.
To Do: Find out if you have id theft resolution services available to you and keep that information handy just in case.
The Financial Services Authority (FSA) found that CPP overstated the risks and consequences of ID theft when this insurance was being sold.
Vamosi says that instead of paying for an ID theft prevention service, users should check their own credit every three months or so.
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There are other issues also ripe for discussion such as social engineering, breach response best practices, and advice for consumers on avoiding ID theft.
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The techniques deployed by the crime ring ran the gamut, from child ID theft to setting up fake stores to process credit card payments.
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One striking development within the cyber-theft universe is the dramatic rise of tax ID fraud, which, by the FTC's reckoning, accounted for 43 percent of ID theft in 2012.
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The IRS has dramatically ramped up its efforts to both curb ID theft and help victims (even, it says, at the expense of enforcement and service initiatives).
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Often the taxpayer's first sign that he or she is a victim of ID theft is a rejected "e-filed" return or an IRS letter saying its filters blocked a suspicious refund.
People are most concerned about situations where they have received concrete harm, and ID theft is an area where there is significant harm monetarily as well as stress and time spent fixing the problem after it occurs.
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Among its initiatives, the IRS is now issuing ID theft victims special Identity Protection Personal Identification Numbers (IP PINs), that allow them to distinguish themselves from the fraudsters and get their tax refunds processed.
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There also may be false ID and theft charges to face in Pennsylvania, he said.
There may also be false ID and theft charges to face in Pennsylvania, he said.
Still, accountants and ID-fraud experts warn that tax-fraud theft will get a lot worse before the IRS gets control of it.
"Concerns about smartcard security have increased with the wide availability of sophisticated tools and invasive techniques to discover the secrets and keys that traditionally protect devices from counterfeiting, tampering and theft-of-data, " said Pim Tuyls, CEO at Intrinsic-ID.
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