Identity theft is no longer just a consumer crime. Thieves have learned that businesses also have identities that can be stolen and are, in fact, more lucrative targets. In terms of potential damages, business identity theft could be considered consumer identity theft’s more evil twin sister, similar to Jeannie’s evil twin sister, also named Jeannie, in the popular 1965 TV sitcom, I Dream of Jeannie.
Be aware that business identity theft is not an information security breach or the theft of confidential client information that businesses may possess. Rather, business identity theft involves the actual impersonation of the business itself through the theft or misuse of key business identifiers to trick customers and other business associates. Any type of business or organization of any size including sole-proprietorships, LLCs, non-profits, and corporations are all targets.
Stay tuned for next month’s IT Radix Resource newsletter to learn ways to protect your business computers and networks from business identity theft!
First published in our March 2016 IT Radix Resource newsletter
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