Equifax Awarded No Bid Fraud Prevention Contract By IRS

The IRS Awarded Equifax A $7.25 Million No-Bid Contract To Verify Taxpayer Identities and Prevent Identity Theft

Equifax

The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud. The no-bid contract was awarded after Equifax announced it had been a victim of a massive security breach. A security breach that exposed personal information of as many as 145.5 million Americans.

The IRS hired the credit reporting agency to verify taxpayer identity and assist in ongoing identity verification at the IRS according to the award.

The notice describes the contract as a sole source order. This means the IRS felt Equifax is the only company deemed capable of providing the service.

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