April 15 - Privacy, security protections fall into regulatory gap in offshored jobs

An estimated 200,000 of the U.S. federal and state tax returns filed today have been prepared by offshore workers contracted by U.S. accounting and tax firms to which U.S. consumers have entrusted their most sensitive personal banking, medical, pension and other information protected by privacy laws.

Yet this information will have been transmitted overseas to locales where U.S. consumer privacy protections do not apply. This yawning regulatory gap is among those addressed by a report released today by Public Citizen, the national consumer organization.

To read the entire press release, click here.

To read the report, click here.