Identity theft is the fastest growing crime in the history of America, and businesses are not immune. There were more than 16 million victims of identity theft in the U.S. just last year, which works out to more than one new victim every three seconds. To put that in perspective, that means there were more victims of identity theft last year than there were reported murders, attempted murders, burglaries, attempted burglaries, arsons, vehicle thefts, purse snatchings, pick pocketings, shoplifting, and check fraud combined. With so many crimes and criminals in circulation, don’t make the mistake of assuming that it will never come creeping into your business.
And business identity theft is such a big problem, the National Association of Secretaries of State created a task force to tackle it. It’s very easy for thieves to obtain publicly available records on your business, create fake documentation, open bank accounts, open lines of credit and obtain loans. They can also take out property leases and use those physical locations to accept orders for merchandise they order using the victim business’s identity. And often by the time a business owner ever finds out about it, the thieves are long gone and they are left to face some very awkward questions. In one case, a victim company found that an imposter company had opened an office in the very same building so they could use an almost identical address to fool banks and vendors.
Business identity theft is a growing problem and difficult to spot and stop. Constant vigilance is your business bet – like every other part of your business and website security program.
Contact SiteLock today to learn why website security is a crucial part of protecting your business.
Google Author: Neal O’Farrell