Saturday, January 31, 2015

Did You Know TurboTax's Database Knows Your Secrets?

TurboTax customers are already outraged with a stealth 50% price hike in the software this year. But more secrets are coming out that might be equally surprising to some.
Intuit (INTU), the company that makes TurboTax, maintains a database containing users’ Social Security numbers, names and other personal data — even for customers using the desktop version of the software who save their files on their own hard drives.
The existence of the database was revealed to users when Intuit set up a website for customers to ask for their $25 refunds from the software price increase. The site at / 25back requires users to enter their Social Security numbers to get their $25 refunds. That indicates that personal tax data is, indeed, being stored by Intuit.
The fact that Intuit is keeping personal data — even on customers using the desktop version of the software — is a bit of a surprise to some. Many taxpayers using the desktop version of the popular tax-preparation software thought they were keeping their personal information stored on their PCs — not on Intuit’s servers.
Consumers are understandably sensitive to where their digital information is stored and by whom. Rampant security breaches by retailers have been a reminder of the value of data security.
Read the rest of the story HERE.

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