Identity Theft To Businesses  

Identity theft is a serious issue affecting individuals and organizations alike. The thief can get hold of crucial information of an innocent person and use the person’s bank account for obtaining loans or credits. In some cases, the thief can also change the home address making sure the victim does not receive any credit papers or statements. In such cases, the person will not know that he is a victim of identity theft until the debt collector contacts him.

This is a serious issue for numerous business organizations and companies. In most of the cases, the organization is the ultimate loser. Fraudsters can hack the company’s computers and get access into all the information they require for carrying out illegal activities. In other cases, the thief may pose as a government official and ask the person in charge to reveal important details of the employees working in the company. A few thieves can bribe or threaten the officials to give up information. It is a serious cause of concern for the country and the state governments because the issue of stealing someone’s identity can lead to serious repercussions in terms of the security arrangements.

When a business or a company reveals large loopholes in security system, the concerned organization has to pay up for the financial losses incurred by its employees. It is estimated that a single identity theft can cost $20,000 for the company. The company’s reputation takes a beating as well. Investors may not trust the company while applying for loans or funds. This leads to huge financial losses decreasing the overall economic status of the country.

More Articles :

Crimes A to Z :





Identity Theft To Businesses

Solutions-For-Identity-Theft      Identity theft is on the rise and an increasing number of people are falling to prey to such crimes. In numerous cases, the person does not even realize that he is a victim until he receives a negative credit check or is notified for bankruptcy. The issue of national security takes a beating because illegal immigrants can easily enter the country using someone’s personal information. There are umpteen ways for fraudsters to get hold of your information. More..




Home  • Bankruptcy Law   • Business Law  • Constitution Law • CopyRight Law   • Criminal LawEmployment Law   • Family Law   • Immigration Law   • Legal Dispute      • Malpractice   • Personal Injury   • Real Estate Law   • Tax Law   • Traffic Law   • Trust Law Legal News

Identity Theft To Businesses )
Copyright © 2012, All Rights Reserved.