Beware of These Identify Fraud Threats
Organizations need to be cognizant of these types of threat
Business identity theft, also known as corporate or commercial identity theft, occurs when criminals pose as owners, officers or employees of a business to illegally transact business and establish lines of credit with banks and vendors. It has much greater complexities than personal identity theft and there are numerous ways to commit this fraud.
Typically, thieves cash out quickly and go unnoticed until the bills and collection notices arrive and leave businesses spending valuable time and resources to repair the damage.
Here are four key areas of identify theft of which to be aware.
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