June 7, 2017 - Identity theft now costs businesses billions of dollars each year, and it's on the rise. No business seems to be immune, from sole practitioners to large corporations. This week we look at exactly what identity theft is and what you can do to prevent it. Check out the articles below for some of the steps you can take to avoid becoming a victim.
In terms of potential losses and damage to victims, business identity theft could easily be considered consumer identity theft's bigger, meaner, and more evil twin. (Item #1) There are actions that every small business should take—all of which involve being vigilant in monitoring and protecting your business identity as rigorously as you seek to protect your personal identifying information. (Item #2) For the self-employed and owners of very small businesses, whose time and energies are devoted to growing the company, data security often falls in priority; it shouldn't. (Item #3)
Failing to file seemingly minor forms can leave entrepreneurs vulnerable to crimes that can destroy their credit, their reputation, and even their businesses. (Item #4) How can business taxpayers minimize the chance of becoming a victim of identity theft? (Item #5) Identitytheft.gov can guide you through ways to prevent and recover from identity theft. (Item #6)
For the full issue, click here.