Credit Card and Identity Theft hits all-time high

Those security chips in credit cards may not be a secure as you may think, and H&R block is getting some extra help this tax season. Credit card and identify theft are at an all time high. That’s according to a joint study from Javelin Strategy and Research and Lifelock. More than 15 million consumers were the victims of identity theft last year. That”s an 18 percent spike from the previous year. It’s also the highest since Javelin started keeping track of such crimes, 14 years ago. In other business news, H&R Block is getting some extra help this tax season. The company is working with IBM’s Watson Supercomputer. It’s the first time that Watson has be used for tax preparation. H&R block and IBM trained the Supercomputer in the language of tax.

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