Remain Vigilant of Tax Refund Fraud

The Internal Revenue Service reported a decrease in ID theft-related tax refund fraud through the first nine months of 2016 stopping 787,000 confirmed ID theft tax returns totaling more than $4 billion. Credit unions should remain vigilant as you are in prime position to identify tax refund fraud impacting your organization and your members based on the methods for issuing refunds – via ACH credit or check.

Click here to view the CUNA Mutual Group Risk Alert and mitigations.