Breach not to blame for TurboTax fraud: Intuit CEO

Tom DiChristopher reports:

A spike in fraudulent state tax filings through TurboTax was not due to a breach at software maker Intuit, CEO Brad Smith told CNBC on Friday.

“Our systems have not been breached at Intuit,” Smith said during a “Squawk Alley” interview. “We take privacy and security of our customers’ information as job one. We also apply the most advanced technologies and techniques to protect our customers.”

Intuit disclosed earlier this month that it was working with a number of state agencies to address the increase in fraudulent state tax returns filed through its TurboTax software.

Read more on CNBC.

Despite their denial of any breach, Intuit is offering those affected free credit monitoring and restoration services through Experian ProtectMyID  (the single-bureau monitoring plan). You can read their notification to the NH Attorney General’s Office with a template of their notification to consumers here (pdf).

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