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The Resource Center Identity Theft & Protection | article

What to do if one of your employees is a victim of identity theft

Business owners and managers have a lot on their plates, but if they don’t provide adequate ID theft protection for their employees, they could potentially only face even bigger headaches and legal issues.

Along with the potential fees that could come with battling identity theft when an employee of yours becomes a victim, the true costs of this crime – which is the nation’s fastest growing white collar offense – are often much more significant than they may seem on the outset.

The time lost will begin to add up as productivity goes down, not only because your employee is dealing with added pressures in his personal life, but the morale of your entire team could go down. As a result, you may notice a decrease in the quality of work output, which could cost you business.

If your employees does become a victim of identity theft because of a lack of ID theft protection, offer them the following:

  • Access to credit reports for the employee, their spouse and any family that may be affected
  • Continuous electronic monitoring and immediate notification of any potential attempts to steal their identity
  • A licensed private investigator to restore the victim’s true identity
  • Reimbursement for all associated costs they’ve had to pay as part of this ordeal

It’s impossible to offer 100 percent ID theft protection, but these steps will help you be proactive in battling the crime.