Scarinci Hollenbeck, LLC
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Author: Scarinci Hollenbeck, LLC
Date: January 31, 2014
The Firm
201-896-4100 info@sh-law.comIdentity theft impacts more than nine million Americans every year and costs the economy an estimated $56 billion in losses. While thieves tend to target individuals, they aren’t the only victims. Your New York or New Jersey business is also at risk.
In fact, business identity theft (also know as corporate identity theft) is steadily growing. Common frauds include creating counterfeit checks using your company’s bank account number, sending correspondence purporting to be from a bank or an official government agency in order to obtain financial information, purchasing merchandise or services with stolen credit card information, and sorting through trash or recycling to obtain sensitive data.
To protect your business from these and other prevalent threats, it is imperative to have proper safeguards in place. Below are five key tips to consider:
Businesses should also check to see if their current insurance policies offer identity theft coverage. If not, this is something you may want to consider, as recovering from a hacking attack or data breach can often be a long and costly process.
If you have any questions about this post or would like to discuss how to protect your company from identity theft, please contact me, Fernando M. Pinguelo, or another member of the Scarinci Hollenbeck Cyber Security & Data Protection Group. For more information on Cyber Security and Data Protection, visit eWhiteHouseWatch (www.eWHWblog.com)
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