Midstate Accounting & Tax Services, Inc.

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Password Strength - More Important Than You ThinkA password is an account's first line of defense against hackers. Witho...
07/02/2015

Password Strength - More Important Than You Think

A password is an account's first line of defense against hackers. Without a strong password, hackers may be able to breach your accounts' security and access sensitive information that they can use for their own personal gain. Unfortunately, few people realize just how important the strength of passwords can be. In fact, according to Password Genie, although the average person visits 25 password-protected sites, most people use only six different passwords, and 73 percent of people use the same password for every site.

Understanding Hackable Passwords

Studies have shown that some passwords are inherently weaker than others. The easier your passwords are to guess or remember, the easier they are to crack. According to Imperva, shorter passwords and passwords that use only one type of character are the most vulnerable to attacks from hackers.

Unfortunately, Imperva reports that as many as 60 percent of users choose passwords that contain only letters and numbers, and up to one-third of users have passwords containing six characters or less. Studies also show that certain common passwords are hacked more frequently than others. These passwords include predictable phrases like "123456," "password" and "i loveyou." Using any of these phrases increases the risk of a breach.

Important Statistics

Even if a password isn't easy to guess, it may still be vulnerable. Password Genie reports that a computer program can crack a 6-character password that used only lower case letters in as little as ten minutes, regardless of the letter combination. Likewise, a 7-character password with both upper and lower case letters would take 23 days to crack. On the other hand, a 9-character password that includes uppercase letters, lowercase letters and numbers or symbols would take 44,530 years to crack using an automated computer program.

Based on the evidence, it is clear that the strength of passwords is extremely important. Hackers often use computer programs to discover passwords, so simply creating a password that is difficult for a human to guess isn't enough to protect your accounts. To prevent breaches, passwords should contain a combination of uppercase letters, lower case letters, numbers and symbols. Passwords of at least eight characters are also recommended.

Sources: http://www.bitrebels.com/technology/password-strength-security-infographic/, www.imperva.com/docs/WP_Consumer_Password_Worst_Practices.pdf

Make sure your password strength and online security are up to par with the level of personal information you have submitted to all of your online accounts.

This happened to me today!  Be careful friends.  Watch out for the FAKE IRS calls!  Read this:  TIGTA Warns of “Largest ...
02/17/2015

This happened to me today! Be careful friends. Watch out for the FAKE IRS calls! Read this: TIGTA Warns of “Largest Ever” Phone Fraud Scam Targeting Taxpayers

WASHINGTON — The Treasury Inspector General for Taxpayer Administration (TIGTA) today issued a warning to taxpayers to beware of phone calls from individuals claiming to represent the Internal Revenue Service (IRS) in an effort to defraud them.

“This is the largest scam of its kind that we have ever seen,” said J. Russell George, the Treasury Inspector General for Tax Administration. George noted that TIGTA has received reports of over 20,000 contacts and has become aware of thousands of victims who have collectively paid over $1 million as a result of the scam, in which individuals make unsolicited calls to taxpayers fraudulently claiming to be IRS officials.

“The increasing number of people receiving these unsolicited calls from individuals who fraudulently claim to represent the IRS is alarming,” he said. “At all times, and particularly during the tax filing season, we want to make sure that innocent taxpayers are alert to this scam so they are not harmed by these criminals,” George said, adding, “Do not become a victim.”

Inspector General George urged taxpayers to heed warnings about the sophisticated phone scam targeting taxpayers, noting that the scam has hit taxpayers in nearly every State in the country. Callers claiming to be from the IRS tell intended victims they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those who refuse to pay with arrest, deportation or loss of a business or driver’s license.

The truth is the IRS usually first contacts people by mail – not by phone – about unpaid taxes. And the IRS won’t ask for payment using a pre-paid debit card or wire transfer. The IRS also won’t ask for a credit card number over the phone.

“If someone unexpectedly calls claiming to be from the IRS and uses threatening language if you don’t pay immediately, that is a sign that it really isn’t the IRS calling,” he said.

The callers who commit this fraud often:

Use common names and fake IRS badge numbers.
Know the last four digits of the victim’s Social Security Number.
Make caller ID information appear as if the IRS is calling.
Send bogus IRS e-mails to support their scam.
Call a second time claiming to be the police or department of motor vehicles, and the caller ID again supports their claim.

If you get a call from someone claiming to be with the IRS asking for a payment, here’s what to do:

If you owe Federal taxes, or think you might owe taxes, hang up and call the IRS at 800-829-1040. IRS workers can help you with your payment questions.
If you don’t owe taxes, call and report the incident to TIGTA at 800-366-4484.
You can also file a complaint with the Federal Trade Commission at www.FTC.gov. Add “IRS Telephone Scam" to the comments in your complaint.

TIGTA and the IRS encourage taxpayers to be alert for phone and e-mail scams that use the IRS name. The IRS will never request personal or financial information by e-mail, texting or any social media. You should forward scam e-mails to [email protected]. Don’t open any attachments or click on any links in those e-mails.

Taxpayers should be aware that there are other unrelated scams (such as a lottery sweepstakes winner) and solicitations (such as debt relief) that fraudulently claim to be from the IRS.

Read more about tax scams on the genuine IRS website at www.irs.gov.

Location, location, location Does your app collect users’ locations? Is that happening even when they’re not using...

Midstate Accounting And Tax Services Inc
09/17/2013

Midstate Accounting And Tax Services Inc

Jorge Garcia-Montes, Jr., CPA provides his clients with the highest level of technical expertise with personalized service.

Have you visited www.midstateaccounting.com yet?  There are awesome calculators that help you in so many ways!  Check it...
09/10/2013

Have you visited www.midstateaccounting.com yet? There are awesome calculators that help you in so many ways! Check it out!

Midstate Accounting & Tax Services, Inc. is a Lake County CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Lake County, Leesburg, Eustis, Apopka, Sanford, Mount Dora, Tavares, Umatilla, DeLand, and more. We service clie...

Check out our new web site:  www.midstateaccounting.com.  We have added over 100 calculators that are actually very help...
07/24/2011

Check out our new web site: www.midstateaccounting.com. We have added over 100 calculators that are actually very helpful and fun to use!

Midstate Accounting & Tax Services, Inc. is a Lake County CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Lake County, Leesburg, Eustis, Apopka, Sanford, Mount Dora, Tavares, Umatilla, DeLand, and more. We service clie

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Eustis, FL
32736

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm

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