Take a few easy steps to protect your business from mail theft.
Business identity theft (also known as corporate or commercial identity theft) is a new development in the criminal enterprise of identity theft. In the case of a business, a criminal will hijack a business’s identity and use that identity to establish lines of credit with banks or retailers. With these lines of credit, the identity thieves will purchase commercial electronics, home improvement materials, gift cards, and other items that can be bought and exchanged for cash or sold with relative ease.
The damage can be devastating to the victim’s business. The damage to the victim’s credit history can lead to denial of credit, which can lead to operational problems. The cost to clean up and correct the damage can be hundreds of dollars and hours of lost time.
While there is growing attention to hi-tech methods of stealing personal information, like hacking into databases and sophisticated phishing schemes, the reality is stealing mail continues to be a frequent and favorite method of identity thieves.