Cybersecurity Funds Well Spent at IRS, Watchdog Says

By Kat Lucero, Bloomberg BNA

The IRS appropriately used $106.4 million in funding designated for cybersecurity enhancements and identity theft prevention, the agency’s watchdog said.

“Cybersecurity funding supported network security improvements, more effective monitoring of data traffic, replacement of outdated equipment, and protection of taxpayer data from unauthorized access by identity thieves,” the Treasury Inspector General for Tax Administration said in a new report released Aug. 17.

The $106.4 million was part of the $290 million Congress set aside for the Internal Revenue Service for two years to improve customer service, cybersecurity, and the prevention of tax-related identity theft and ...