How to help protect your business from identity theft
Posted By David Pollino In Your Business | No Comments
One of the newer security threats to your business is business identity theft. This occurs when criminals pose as business owners, officers, or employees to illegally get cash or credit.
[1]Thieves can steal a business’ identity by gaining access to bank accounts and credit cards or by stealing sensitive information such as the business’ Tax Identification Number, Employer Identification Number or the business owner’s Social Security Number.
Criminals — such as current or former business employees — may use the stolen information to establish lines of credit with banks or retailers to purchase goods and services such as commercial electronics, home improvement materials, gift cards, and other items. Or they could set up a bank deposit account in the name of the business and steal receivables checks, then delete invoices to cover up the fraud.
Here are several ways to help protect your business against identity theft:
Security threats to your business can take many forms. Business identity theft is just one of those forms, but if you take a few preventive steps you can reduce the risk of fraud and financial loss to your business.
Article printed from Bank of the West: https://changematters.bankofthewest.com
URL to article: https://changematters.bankofthewest.com/2014/03/18/help-protect-business-identity-theft/
URLs in this post:
[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2014/03/smb_cardfob_hand.jpg
Click here to print.