Americans are ignoring basic tax season precautions and bestpractices that could prevent stolen identities and personal information hacks, according to a new survey from theScottsdale, Ariz.-based security firm IDT911.

IDT911's fraud center saw a 154% increase in tax-related fraud cases from 2014 to 2015, and there are nosigns of this type of fraud slowing down in 2016. The TreasuryInspector General for Tax Administration said it expects tax refundfraud losses to reach an estimated $21 billion by 2016. Inaddition, the Federal Trade Commission recently announced itreceived a 47% increase in identity theft complaints in 2015, withtax refund fraud being the biggest contributor by far. Thesenumbers will surely continue to rise if the proper precautions arenot taken, the report said.

Despite this and news of data breaches involving the IRS andrelated service providers, most Americans said they are not worriedabout the theft of their identities. To make matters worse, a highnumber of U.S. consumers are ignoring simple precautions and bestpractices, ID911 warned.

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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.).