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Business Identity Theft is a Growing Crime

While most of the country focuses on consumer identity theft, some crafty criminals are turning their attention to a different crime - business identity theft. With expensive charge accounts and sensitive information, businesses offer an attractive target for identity thieves. What’s more, business identity theft is difficult to manage, as many companies consist of hundreds or thousands of employees and there’s no way to watch over each one of them. The only way you can really fight business identity theft is through strong policies and regulations. Here are some tips in how you can prevent business identity theft:

How to Prevent Business identity Theft

  • You can start protecting your business by working from the inside out. That means making sure all of your employees are actually who they say they are and establishing the proper security restrictions. Keep the companies sensitive information private and in the right hands.
  • Many larger companies have turned to pass-cards or security-cards for entering and exiting their building, which prevents non-employees from entering and allows management to track when employees get to and leave from work.
  • Make sure every employee in your company is up to date on the major identity theft threats. Offer your employees ways to protect themselves and set up informational classes about the identity theft.
  • Send out memos or emails regarding the latest online identity theft scams, especially if your business stores important information on computers. Phishing scams have led to more than a few business identity thefts.
  • Does your business frequently work with other companies? If so, their security is just as important as your own. Keep your business partners up to date about security issues and show them how they can up their own security.

Additional Resources

Identity Theft and Small Business

Identity Theft Overview

Prevent Phone Scams

Identity Theft Fact and Fiction

Identity Theft in Social Networks

Do You Know an Identity Thief?

Identity Theft and Your Checkbook

What Documents You Should be Shredding

Popular Identity Theft Scams and How to Avoid Them

Do I Need a Lawyer if My ID is Stolen?