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The Resource Center Identity Theft & Protection | article

Small Business Need to Consider Identity Theft in Operations Plans

Identity theft isn’t just a personal problem for the individual whose information is stolen and taken advantage of. If you operate a business that has been compromised by thieves and, as a result, customers or even employees become victims of fraud, you are likely in hot water over the crime and could even ruin all of your hard work creating the business in the first place.

While protection from identity theft is impossible to 100 percent guarantee, here are a few things that you should consider to minimize the threat of this crime at all costs at your place of business.

  • Consider all of the information you really need to keep on file about your employees or customers. If you don’t absolutely need stats like former residences, dates of birth and especially Social Security numbers, avoid collecting them to begin with. When you don’t have the information to give, it can’t be stolen.
  • What information you do decide to keep that could be gold to an identity thief, keep protected at all costs. Only allow the bare minimum number of staff members access to such documents so that if a file is compromised you won’t take long to figure out the culprit.
  • Be discriminant about providing an employee or clients personal information to an outside party. Verify through all channels that releasing this information is not only approved by the individual who it belongs to but that it isn’t going to expose them to identity theft.

Providing protection from identity theft is important for your clients, employees and your business.