Corporate Identity Theft and Prevention Methods
How to Minimize Your Risks of Corporate Identity Theft
With the rapid and widespread growth of online business, corporate identity theft is a concern for individuals and organizations alike. This type of theft occurs when fraudsters impersonate a company or individual to gain access to their confidential information such as client lists, customer information, employer ID numbers, credit line information, online passwords, and so on.
Breaches and leaks can make your company look vulnerable, and customers are likely to view your organization as inept and disorganized. Prevention is always better than cure when it comes to safeguarding confidential corporate information. While no company is completely safe for security breaches, there are many ways in which you can shield yourself against identity theft. Talk to a NAID AAA Certified company to understand how best you can secure your business from fraud. Meanwhile, here is what you can do to minimize risk.
- Destroy Records/Files in a Safe Manner: When you decide to do away with obsolete records and critical information, do so securely. Think twice before recklessly throwing documents into the trash or leaving them exposed on your desk. Fraudsters are not above physically stealing documents or rummaging through your trash. Employ the services of specialized data destruction specialists who will purge old records in a legally compliant manner.
- Properly Clear Out Digital Storage Devices: Confidential information contained in X-Rays, CDs, DVDs, videos, etc. must be destroyed safely. You do not want your customers’ health information or bank details to be laid bare in the hands of criminals. For hard drive destruction and other digital resources, be sure to work with a company that offers industry-specific solutions for your purging needs.
- Protect Your Online Digital Resources: Avoid storing or asking for customer information (e.g., credit card numbers, social security numbers) unless necessary. The confidential information that you collect must be managed carefully by securing your online systems through strong, encrypted passwords and other security firewalls. Also, strictly limit the number of people with access to your company passwords.