Identity Theft and Small Business

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I would like to hear from the community on how you may be protecting your business from identity theft and any effective strategies to implement.

bharat.nimblechapps

I think this blog may help you. https://www.sba.gov/blogs/how-prevent-and-detect-business-identity-theft

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bharat, thanks for the article suggestion. After reading the article I see it was for Business Identity Theft, which is not quite what I was looking for.

The other type of identity theft I was referring to was personal identity theft, purchases and how the small business owner deals with this issue.

Again, thanks for the response and article.

sinGN

Hi,

I have listed some protection method From Identity Theft


1. Destroy private records and statements.
2. Secure your mail.
3. Safeguard your Social Security number.
4. Don’t leave a paper trail.
5. Never let your credit card out of your sight.
6. Know who you’re dealing with.
7. Take your name off marketers’ hit lists.
8. Be more defensive with personal information.
9. Monitor your credit report.
10. Review your credit cards statements carefully

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Thanks for the information sinGN

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Here are some additional strategies to help your business in the event someone has attempted or used the identity of a person to make a purchase with your business:

Educate Staff on Types of Crimes

Educate your personnel on different types of business crimes
Have regular weekly meetings to pass along pertinent information
Develop a stronger crime prevention strategy

Assessment

Take an assessment of your business security practices. Review what works and what processes can be improved.

Policy/Procedures

Develop and update policy/procedures to reflect effective crime prevention strategies.

Awareness

Make all personnel aware of current and updated polices/procedures.

Detection

Look for flaws and vulnerabilities in your process. Once flaws are detected, update and implement new procedures.

Follow-Up

Follow-up with your process to ensure your processes are effective and build a stronger business security foundation.

Contact local law enforcement when necessary and create a case file for future reference!

ankit007

Small businesses are high targets for data theft. This FAQ identifies the threat and gives you the best tips for protecting your company. Business identity theft is the business variation on personal identity theft: Vital business information, such as your officers' name.