While personal identity theft grabs headlines, corporate or business identity theft is an increasingly common crime that can wreak havoc on your livelihood. Thieves often steal a business' federal tax ID, Employer Identification Number (EIN), and use that information to open lines of credit, file fraudulent tax returns, and worse.
Statistics vary by source, but they all point to a rising trend in incidents of business identity theft. And small businesses are particularly at risk since they often lack the cybersecurity resources of larger organizations. But when a business' information is stolen, it can be difficult to correct the record.
While personal identity theft grabs headlines, corporate or business identity theft is an increasingly common crime that can wreak havoc on your livelihood. Thieves often steal a business' federal tax ID, Employer Identification Number (EIN), and use that information to open lines of credit, file fraudulent tax returns, and worse.
Statistics vary by source, but they all point to a rising trend in incidents of business identity theft. And small businesses are particularly at risk since they often lack the cybersecurity resources of larger organizations. But when a business' information is stolen, it can be difficult to correct the record.