3 Ways The Modern Tech World Makes Your Small Business More Vulnerable To Identity Theft

identity theft

In many ways, the Internet has ushered in a new golden era for small businesses. The endless resources of a global market, combined with the cost effectiveness of basing a business wherever you can afford the rent, has created the best environment possible for you to attempt your dream.

Unfortunately, this ease of connectivity has also made emerging companies more vulnerable to identity theft than ever before. While you definitely don’t want to overreact to this threat and let it affect your business aspirations, you’ll still want to keep a few things in mind as you expand your burgeoning empire. To get you prepared, here are 3 quick things to remember about the modern world, small businesses, and identity theft:

The Internet Has Made Important Personal Business Information Public Knowledge

It’s an unavoidable fact, one that you should always keep in mind. Your tax records, federal and state business licenses, legal names of the owner and any important officers, address, and much more are all available with a few keystrokes. And certain county, state, or federal documents that are scanned and archived may even have your signature on them.

In addition to all this vital info, any press releases, articles in the local paper, and other online forms of pr may give a possible attacker relevant information about your place of business and the people who run it.

Your Small Business Has Less Protection Than A More Established Company

If your business is only a few years old, you probably don’t have a dedicated department whose sole job is to protect your corporation from theft and online security breaches. And if, as the owner, you’re primarily in charge of all the cash that goes in and out each month, the odds are that you probably base your account passwords and security questions around personal issues that are easy to remember. Your business checking account may even be tied to your personal one, making it a tempting target for an identity thief.

It Can Be Surprisingly Easy To Establish Credit With A New Vendor Online

With a copy of your tax ID numbers and your signature, many places will allow a business with the right credentials to open an entry-level wholesale account with their company. You’re not likely to get an extensive credit limit right out of the box, but an enterprising thief can open a new vendor account in your name and quickly rack up several thousand dollars in orders that will be left for you to pay. This can be especially difficult to check for, as you’re not likely to hear from a vendor until you get that first month’s invoice in the mail.

While these facts can certainly be intimidating, you shouldn’t let them steer you away from launching your own small business. Running periodic credit checks on your company, being aware of what documents are available to the general public, and spending a bit more time each month on improving your security and probing for your own weak spots will go a long way toward protecting you from the disaster of identity theft.

 

Author bio:

John is a blogger who frequently discusses the impact of modern technology on small and emerging businesses. He writes for Protect Your Bubble, an Internet insurer that offers identity theft protection for those who want a little extra strength in their defensive strategies.

0 comments

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

7 Purchasing the best hand-made WOW GOLD at IGXE.com

7 Purchasing the best hand-made WOW GOLD at IGXE.com(0)

Accumulating WOW GOLD is not as simple as most of the players consider. The selling of items that the player loot from the monsters is not always possible even if the player spends the months after the months. There is a faster way to find sufficient gold. It is to purchase WOW GOLD from the

Why you need to consider money lenders in Singapore

Why you need to consider money lenders in Singapore(0)

Singapore is a nation that has been experiencing great levels of development in their infrastructure and business all around in the past decade. It is inevitable to not realize the innovative structure of new businesses in Singapore such that employment is increased and money lending is an essential activity in the nation. Money lending has

What Type Of Kenwood Connector Should You Use With A Kenwwod Radio

What Type Of Kenwood Connector Should You Use With A Kenwwod Radio(0)

Although there are multiple types and designs of Kenwood radios out there, there are only two earpiece connectors compatible with these radios. Kenwood has been able to design their earpiece connectors in such a way that they are compatible with all their vast types of radios. A large percentage of Kenwood radios utilize the 2

Audio Brand?

Audio Brand?(0)

Have you ever been on hold for a company and listened to some music on the line. It was probably this music that kept you on hold so you did not hang up in frustration. The thing is, this music is a really important marketing aspect that many companies usually overlook. I did a quick

So You Own A Small Business: What an IT Pro Can Do For You

So You Own A Small Business: What an IT Pro Can Do For You(0)

Small businesses have different IT needs than do large companies and corporations. They require some of the same services such as installing POS systems and securing databases, but larger companies usually have IT departments in place to address their issues. This means that they can opt to avoid outsourcing for services when small businesses have

read more

Contacts and information

Social networks

Most popular categories

© 2012 computimesinc.com All rights reserved.