Intuit Announces Expanded Security Features in TurboTax
November 19 2015 - 11:30AM
Business Wire
Supports Joint Government, Industry Security
Education Campaign
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 fraud.
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 include:
- Login and device history:
Customers can see all of the login activity and devices used to
access their account, giving them real-time insight.
- 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.
About Intuit
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119005314/en/
Intuit Inc.Julie Miller, 858-215-8469Julie_miller@intuit.com
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