NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

US Taxpayer Information Costs as Less as $20 on Deepweb

Gautham
Gautham
4 years ago
2 mins read
Darknet Child Porn

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The dark net is a big bag of tricks, dirty or otherwise. Nowadays people can buy almost anything on the deep web, provided they are willing to pay the right price in Bitcoin. The “right price” is sometimes not too much. For example, the US taxpayers’ information is available for as less as $20 a pop.

In the recent days, reports of people committing tax refund fraud have started to emerge. These reports indicate that hackers are stealing sensitive personal information and using it to claim fraudulent tax returns on the actual taxpayer’s behalf. Now, with people rushing to file their tax returns before April 15, 2017, the number of such cases are bound to rise.

The cases involving credit card frauds and stolen identity is relatively high in the United States compared to other countries. Cybercriminals have devised a range of intelligent ways to gather confidential information. The increasing malware and ransomware attacks have made it much worse as the malicious software infecting computers and mobile phones can also steal stored data from the hard disks, browser caches, and even keystrokes. Criminals also resort to phishing attacks, tricking the victims to voluntarily divulge personal information and other sensitive data like tax account information and social security numbers.

The stolen data is then either put to use by the attackers themselves or sold on the darknet marketplaces against cryptocurrency payments. The prevalence of tax refund fraud was already reported by few well-known cyber security experts back in 2015 itself.  Again, this year, the same cycle is expected to repeat.

Last month, a darknet marketplace was found selling raw W-2 tax form data, complete with information about the individual, his/her employer, relevant addresses, social security number, previous year’s wages and withheld taxes. The information is more than enough for anyone with access to claim for refund on the person’s behalf, and all this is available at anywhere between $4 to $20.

In order for a someone with access to the W-2 information to defraud the IRS and the taxpayers, all they have to do is claim the return before the actual taxpayer does. The information available on the darknet marketplace was possibly obtained by compromising the security of one or more tax processing services.

It is advisable for people to avoid last minute filing and do it right away to deny an opportunity for the criminals to misuse the ill-gotten information. Also, taxpayers should frequently request a free copy of the credit report to check for any unauthorized activity.  If in doubt, they can always file form 14039, asking for an IP PIN from the agency to ensure the secure access to their information.

Also, as a precautionary measure, one should follow the standard best internet usage practices and keep the computers updated to prevent confidential information from being compromised.

Ref: Krebs on Security | Deep dot Web | Image: Shutterstock
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

crypto

Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details

Popular market analyst and key opinion leader (KOL) Ted Pillows is projecting the crypto market to hit a $4.5 trillion...

Semilore Faleti 13 hours ago
Ethereum

Ethereum Price Stuck At $2,500: Analyst Says Don’t Trade Until This Happens

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s...

Scott Matherson 14 hours ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 16 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Scott Matherson 5 hours ago
Bitcoin

No Need To Panic, Bitcoin’s Peak Still Coming In October 2025 – Analyst

Semilore Faleti 7 hours ago
Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

Godspower Owie 8 hours ago

Premium Sponsors

Press Releases

  • Cryptocurrency is the best way to get rich quickly, easily...

    4 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    11 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    15 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    15 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.