FeedSmall Business Owner more likely victims of Identity Theft
March 1, 2010 in Small Business Insight Tags: business owners, fraud, Identity Theft, information, public domain
Identity fraud is a big problem. It is a problem that affects everyone; directly or indirectly. Small Business Owners must be extra vigilant with their personal information and their sensitive business information. Due to the nature of small business,most times, there are not compliance departments and, usually, much is being done by a few people. This opens the door to security breaches and information leaks. Just think of documents that you must mail, email or fax; what sensitive information may be contained in them? Because most companies have information in the public domain or must transmit or send information into public domain. As a small business owner, you must be diligent with how data is managed and what leaves your company and travels through the public domain.
Interesting stats about Identity Theft
- Percentage of United States population affected by Identity Fraud
2007 – 3.6%
2008 – 4.3%
2009 – 4.9%
- Total number of Fraud victims in the United States
2007 – 8.1 million
2008 – 9.9 million
2009 – 11.1 million
- Total United States Fraud Damages
2007 – $45 billion
2008 – $48 billion
2009 – $54 billion
- Small Business Owners suffered identity theft 1.5 times more than the average consumer
- Most Compromised Information
full name – 63%
physical address – 37%
social security number – 32%
- Fraudulent New Credit Cards are up 18%
- Fraudulently opened internet accounts has more than doubled in 2009
- E-Commerce Account Fraud (Amazon, PayPal,eBay) increased by 12%
- Mobile Phone Accounts made up 29% of all fraudulent new accounts opened in 2009
- Health Insurance information is a growing area of fraud, increasing by 4%
- Social Networking has opened up younger Americans (Generation Y) to the most account misuse compared to other age groups
March 7th, 2010 at 10:09 am
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March 23rd, 2010 at 12:14 am
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March 23rd, 2010 at 12:44 am
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March 23rd, 2010 at 12:09 pm
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March 23rd, 2010 at 1:44 pm
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April 2nd, 2010 at 5:11 pm
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April 6th, 2010 at 5:55 pm
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May 4th, 2010 at 3:23 pm
Yeah the number of victims increasing day-by-day. So its the high time to take care of your private data. If you have no choice and you need to feed/tell the data there then check whether that source is reliable and secured. Make sure they do not share your data with anyone. Keep your eyes on your every private data to avoid uncertain loss in your business.
May 7th, 2010 at 7:29 pm
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May 14th, 2010 at 3:41 pm
Yeah its become acute problem. Often I quite often come across this word. Recently one of my friends faced this probs and luckily he could escape from there. Don’ know the complete fact else I could share with you all. Now we really need to be careful about our personal things.
Thanks for your info.
May 20th, 2010 at 12:58 am
I dispise the phishing emails they appear to get more determined by the day I recieve 2 or 3 on a daily basis and report them to phishtrackers a site I stumbled upon that lets you report them anonymously.
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May 24th, 2010 at 10:42 am
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May 25th, 2010 at 7:59 am
Identity Theft is so rampant these days because it is quite easy to harvest information from someone else.*;’
May 31st, 2010 at 1:03 am
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July 23rd, 2010 at 8:37 am
identity theft is rampant both in online and offline settings. better be careful-.*