One month ago, Intuit stated it had received inquiries from the US Department of Justice and the Federal Trade Commission investigating earlier reports that 19 states had identified fraudulent returns using TurboTax software. "Plaintiffs allege that defendant' negligent mishandling of fraudulent tax filings facilitated the theft of billions of tax dollars by cybercriminals by allowing thousands of fraudulent tax returns to be filed through use of its software,"the complaint states. Further, the complaint states the despite a recent surge in fraudulent tax returns and massive data breaches, Intuit failed to correct the problem or properly report fraudulent tax filings to the IRS for fear of losing revenue. Specifically, the lawsuit, filed by lead plaintiffs Christine Diaz and Michelle Fugatt, claims Intuit' lax controls placed revenue over ethics, leaving customers susceptible to third-party tax fraud. The complaint, filed by Turbo Tax users, claims Intuit' actions resulted in billions of dollars in tax fraud stemming from alleged data breaches. New York, NY: A putative class action has been filed against Intuit Inc alleging the maker of the tax-preparation software was negligent in failing to protect them from identity theft by not safeguarding sensitive personal data.
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