The IRS failed to do background checks on some private contractors who handled confidential taxpayer information, exposing more than a million taxpayers to an increased risk of fraud and identity theft.
IN 2013, there were 1,367 confirmed data breaches impacting consumers’ financial information.
August 1, 2014
Consumers who are dissatisfied with how they are treated by their financial institution following fraud sometimes change providers, resulting in a global attrition rate of 23 percent.
The extent to which each state reports records to the FBI varies widely. The federal government acknowledges that it’s possible to obtain more accurate information from professional background screeners.
The Snowden leaks, the Navy Yard shooting, and recent evidence that the U.S. Office of Personnel Management’s primary background check contractor all have forced the federal government to look at changing the way it does background checks.
The report from June 4, 2014, stated that one USIS employee turned in more than 15,000 investigations in one month, translating to about 21 screens every hour of every day during that month, which has raised red flags.