Apropos nothing, what’s the value of an identity package on the black market? Oh about 25 US cents – less if you buy in bulk. …but that may well be the case, so your point is taken. I would bet nearly everyone who posted here back then has since done their taxes online. Given that Turbo Tax had a security glitch, releasing online banking/brokerage passwords of 150,000 customers, I wouldn’t call it paranoia. I was wondering why the tone of this thread was so paranoid and then I realized it was from 7 years ago. But it appears that they have decided not to. Ideally, TT could encourage the option of doing all this via directly downloadable. They could also change to a temporary password at their financial institution, then change it back after they download the data to Turbo Tax. Security conscious users could enter in all data by hand. But to my knowledge, most financial institutions don’t provide that. The program offers the possibility of import via a. And there are real risks incurred if the bad guys get hold of your banking or brokerage password and login ID. Does anybody know whether TT HQ stores such a password? We’ve established that there is little reason to extend to this company a high degree of trust. Of course you need to enter your password directly into the program. Secondly, desktop Turbo Tax offers the option of a direct download from the individual’s financial institution. I am unaware of their incentive to provide rock solid security today: after all the fiasco didn’t hurt them in 2001. I am unaware that they suffered any financial penalty for this breach. DISCLAIMER: THIS IS A REPLY TO A 2006 THREAD!!! OMG !11!!! -īut I see no reason why the discussion couldn’t be extended.īack in 2001, Turbo Tax had a security glitch affecting the financial institution passwords of 150,000 customers. Buy the program for $15 and file on paper. I see no benefit from doing something like this online. There’s a big scandal concerning debit cards with stolen PIN numbers going on right now. Figure a 100 to 1 ratio on unreported cases. Now your tax records belong to the enemy.Įvery day there are examples of people’s personal info being stolen and those are just the reported cases. What if you’re a big contributer to political party X and someone at Intuit who supports party Y browsing thru the files (which of course they aren’t supposed to be able to do, Ha!) sees your name. The programs are no doubt flawed, employees make mistakes or deliberately copy things, and you have no protection against anyone in the future getting their hands on it. No doubt they make lots of claims about security and such but it’s all PR. Intuit will have copies of your data lying all over the place. X might be as short as 1 year, but who knows? I.e., someone can capture your bytes as they travel along the Net and in some X number of years, decode them. Also, the current SSL encryption schemes are not considered “long term” safe. Programs are routinely flawed and there is no way to ensure things are done right. If Intuit has done things right, then everything is sent back and forth securely using a simple encryption scheme. There are two main aspects of concern (and a million secondary ones):
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