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How Can Businesses Protect Themselves From Identity Theft?

Contributor
By Bonnie Conrad
eHow Contributing Writer
(0 Ratings)

Protecting your company from identity theft is a critical part of managing your business. Identity theft can cripple your business, and a high-profile loss of data could open your company to lawsuits. Every business owner and management team needs to protect workers, customers and company from the scourge of identity theft.

    Hire a Shredding Service

  1. When many people think of identity theft, they picture rooms full of hackers in far-off lands, but in fact most identity theft happens much closer to home. Simple dumpster diving is a popular tool in the identity theft arsenal, and this problem can be an even bigger problem for businesses. Identity thieves know that reports, memos and other documents discarded in the trash may yield a treasure trove of social security numbers, account numbers and sensitive data. Protect your company by using a shredding service to securely dispose of all papers and sensitive information. Require employees to throw all of their paper trash into shredder bins. This will reduce the chances that sensitive information will fall into the wrong hands.
  2. Protect Your Computer Systems

  3. The fact that most identity theft takes place offline does not mean that companies can afford to neglect the security of their computer systems. Updating all PCs, laptops, smart phones and other electronic devices in the company with the latest patches and software is a critical part of your company's identity theft protection strategy. Also, have the IT department lock down any removable storage devices on those PCs and laptops. Thumb drives, CDs and DVDs can all pose a security risk if private data is taken out of the office. By securing these devices companies can reduce the risk that sensitive information will be lost or stolen.
  4. Implement Strong Physical Security Procedures

  5. A good lock is simply not enough to stop a determined thief. With so much at stake, implement strong physical security measures to keep information safe. Using a pass card, a biometric or a keypad password security system should ensure that no unauthorized persons gain access to the facility. One of the best things about these systems is that they provide security during working and non-working hours, protecting your valuable information both day and night.
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eHow Article: How Can Businesses Protect Themselves From Identity Theft?

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