The Importance of Securing IT Systems

  • Fraud Prevention

When it comes to creating a system that is going to process mass quantities of requests and transactions its essential to make fraud prevention a top priority. After all, whats the point of putting hours of work into a system only to have it compromised or used for fraud when its finished? A solid fraud prevention strategy can prevent a big mess from the beginning.

Since were on the topic, lets talk about the recent audit that was done on the Affordable Care Act system that will process refundable tax credits. The audit exposed that the system wasnt built to properly detect fraud. Without an adequate solution in place the IRS might not be able to identify tax fraud or schemes prior to the issuance of the refunds. The entire system is the perfect landscape for fraudsters to manipulate.

With the ACA system, the tax credits will be paid to the user first and then verify their income later. Inevitably, this process will lead to potentially billions of dollars of improper payments and put millions of Americans personal information at risk. It is important for the IRS to thoroughly consider fraud threats and risks that could impact the new ACA systems. Robust solutions within the new system should be required to help reduce improper payments and risk. Its interesting that such a large system would be deployed without proper detection and security for its users.

In order to make sure the credits get to the correct people, a fraud prevention plan must be in place immediately. There needs to be a comprehensive prevention strategy to guide systems through the development, testing and implementation process. These IT systems also need to be managed and monitored constantly for fraud risks. Verification and authentication processes should not be taken lightly, especially when users personal information is on the line.

[Contributed by EVS Marketing]