Just in time for tax season, the Cedar Rapids, Iowa-based preparation firm TaxAct reported a breach that led the company to freeze more than 9,000 customer accounts.
TaxAct, an arm of Blucora Inc., sent a letter to 450 customers informing them that an unauthorized third party accessed their accounts between Nov. 10 and Dec. 4, 2015.
"We have no evidence that any TaxAct system has been compromised and believe the third party used username and password combinations obtained from sources outside of our own system," the letter read. "In order to stop this unauthorized access, we have temporarily disabled your account."
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
