ALERT! There’s been an unauthorized credit card charge on your corporate account. Your information has been stolen, and now you have to deal with the repercussions. Here come the time-consuming phone calls and inconvenient attempts to fix the mess known as identity theft.
Identity theft includes all types of crime in which someone wrongfully obtains your data for fraud or deception.
It happens to approximately nine million people each year. And identity thieves are out for way more than just your personal information. Identity theft can, and often does, happen to businesses, too!
That’s right. Your business has an identity, and it can be swiped.
Business identity theft, also known as corporate or commercial identity theft, is the illegal impersonation of a business, typically for financial gain. It’s a larger-scale attack that can put your clients and employees at risk. Any business can fall victim to identity theft regardless of size. Both small businesses and enterprise companies are vulnerable.
Identity thieves have a lot of tricks up their sleeves. Lucky for them, it only takes one to work. Common ways to access your information include phishing, Wi-Fi hacking, data breaches, and malware.
Business identity theft happens for the same reasons personal identity theft does. And in today’s digital world, obtaining private information is easier than ever. According to identity theft expert Alayna Perhson, “Businesses usually have high credit limits, large bank accounts, and make large payments on a regular basis. All of these are great things for identity theft criminals because they’re able to achieve more stolen wealth and [are] less likely to be noticed.”
A lot can happen once your identity’s been stolen, and none of it’s good. Every year business identity theft costs American companies billions. Late payments, negative credit reports, and state and federal tax disputes are just some of the financial tolls identity theft can have. Not to mention the adverse effects it can have on your business reputation.
You have a lot to lose. That’s why it’s vital to be proactive about protecting your information. Taking action starts with DataVizion. Can you pinpoint your high-risk behaviors? Our experts are here to help. When you partner with us, identity thieves don’t stand a chance. Secure what’s yours and give us a call today.
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