Intuit Inc., (Nasdaq:INTU) today
announced the addition of new security features in TurboTax, reflecting
the continued role it is playing in support of industry and government’s
collaborative efforts to fight fraud and protect taxpayer information.
The announcement is part of a joint consumer education and awareness
campaign being launched by the Internal Revenue Service, state revenue
agencies and the tax preparation industry to help consumers understand
how they can protect their identities online and reduce the risk of
becoming victims of tax
The cooperative effort between government and industry has resulted in
new ways to further authenticate taxpayers’ identities. Additional
requirements for information sharing and reporting will further
strengthen the tax system and give taxpayers greater confidence when
they file returns.
“Security is central to everything we do,” said Sasan Goodarzi,
executive vice president and general manager of Intuit’s Consumer Tax
Group. “We value the trust our customers place in us and are committed
to providing them a safe and secure experience. That’s why we never stop
working to improve and strengthen how we protect their information.”
TurboTax Security Enhancements
Reflecting its efforts over the past few years, for tax year 2015,
TurboTax has implemented enhanced security measures to further
strengthen customer identity authentication and notification.
Authentication: When customers create or access their account,
TurboTax has implemented additional security features to authenticate
their identity. Enhancements include:
Expanded multi-factor authentication: New this year, TurboTax
Online customers have the option to set up their account to
require multi-factor authentication every time they log in. This
expands the existing multi-factor authentication that was enabled for
all TurboTax Online and mobile accounts earlier this year to help
authenticate user identities and let customers securely sign into
their account. When customers access their online account, TurboTax
will automatically send a unique, six-digit code to their
pre-designated, trusted device to be used in combination with their
password to access their account.
Touch ID: Customers with iOS devices can now use Touch ID to
link their unique fingerprint to their TurboTax Online account
authentication for added security.
Soft token technology: Customers can install a soft token
application on their mobile device that will deliver a randomly
generated, six-digit number that is needed to access their TurboTax
account. The number, which changes periodically and can only be used
once, provides an additional security option.
Ongoing Notification: Intuit’s new Security Center lets TurboTax
customers manage their online account. In addition, TurboTax will notify
customers when certain changes are made to their account. Enhancements
Login and device history: Customers can see all of the login
activity and devices used to access their account, giving them
Real Time Notifications: TurboTax sends customers a
notification whenever certain changes are made to their account, such
as signing in for the first time on a new device, updating a payment
method or changing a password.
“TurboTax works hard to safeguard your information so you can file with
confidence,” added Goodarzi.
Intuit Inc. creates business and
financial management solutions that simplify the business of life for
small businesses, consumers and accounting professionals.
Its flagship products and services include QuickBooks® and
TurboTax®, which make it
easier to manage small
businesses and tax
preparation and filing. Mint.com
provides a fresh, easy and intelligent way for people to manage their
money, while ProSeries®
and Lacerte® are Intuit's
leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year
2015. The company has approximately 7,700 employees with major offices
in the United States, Canada,
the United Kingdom, India
and other locations. More information can be found at www.intuit.com.