Guide 2 Identity Theft - How To Protect Yourself
Guide 2 Identity Theft
What is Identity Theft
How It Happens
Types of Identity Theft
Commercial Identity Theft
Watch Out For
Credit Card Risks
Debit & ATM Cards
Spoofs & Phishing
Unsolicited Card Offers
Credit Reporting Agencies
If Your Identity Is Stolen
Guide 2 Identity Theft > Commercial
Commercial Identity Theft
Just like individuals, businesses are at risk from identity theft. However, in the case of businesses, the potential losses can be much larger, so this can make them a particularly attractive target to criminals.
The identity thief and the confidence trickster have many similarities. It is very easy for a confidence trickster to say: "I work for XYZ Corporation, just charge it to our account". Every businesses wants to make sales, and in the rush to respond to what appears to be a legitimate customer, it can be tempting for businesses to simply accept these instructions, especially if the person appears to be credible and to know all the usual procedures.
If the thief that is equipped with a little inside information, like an order number or order form in the correct format, a business card, or some more official-looking identity document, and if there is nothing inherently unusual or suspicious about the transaction, the chances are high that the thief will simply be believed. Sales and customer service people keen for business are much less likely to turn down what seems to be a credible deal than would a suspicious accountant from the back room.
Smaller transactions are especially susceptible: a taxi fare, a routine stationery purchase. As these types of purchases are not usually closely scrutinized, they are also much less likely to be detected by a larger company through their internal auditing processes. Some identity thieves are much more ambitious: orders for goods, or sales of services (such as advertising that will never be published), are particularly fertile areas for identity thieves.
Nowadays, we tend to think the world has become too sophisticated for a confidence trickster to get away with scams like the legendary "sale of the Brooklyn Bridge". However, the longevity and huge ongoing scale of the famous Nigerian letter or email (requesting an advance money transfer) scam tells us that people and businesses today are as gullible and greedy as ever. A recent BBC report estimated this scam costs the British economy 150 million pounds each year, and that is the cost to just one of the many countries affected by this quarter century old scam.
The best defense against commercial identity theft is to have routine verification and documentation procedures in place:
The use of information systems for fast data access and communication improve the odds of early detection and prevention of commercial identity theft. Information systems can also help streamline and facilitate the security procedures needed to prevent fraud.
Anti Spam Downloads
Anti Spam Software
Anti Spyware eBooks
Anti Spyware Guide
Anti Spyware Software
Anti Virus Software
Anti Virus eBooks
Crime Prevention eBooks
Privacy Protection Downloads
The information on this site is designed to help you understand the issues and improve your protection. No method of protection can be absolute. We recommend that you keep abreast of the ever-changing issues and do your own research to keep informed.
Copyright © 2006-2023, Answers 2000 Limited
CERTAIN CONTENT THAT APPEARS ON THIS SITE COMES FROM AMAZON SERVICES LLC. THIS CONTENT IS PROVIDED 'AS IS' AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME.
CERTAIN CONTENT THAT APPEARS ON THIS SITE,COMES FROM AMAZON EU S.à r.l. THIS CONTENT IS PROVIDED 'AS IS' AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME.
Disclosure: Our company's websites' content (including this website's content) includes advertisements for our own company's websites, products, and services, and for other organization's websites, products, and services. In the case of links to other organization's websites, our company may receive a payment, (1) if you purchase products or services, or (2) if you sign-up for third party offers, after following links from this website. Unless specifically otherwise stated, information about other organization's products and services, is based on information provided by that organization, the product/service vendor, and/or publicly available information - and should not be taken to mean that we have used the product/service in question. Additionally, our company's websites contain some adverts which we are paid to display, but whose content is not selected by us, such as Google AdSense ads. For more detailed information, please see Advertising/Endorsements Disclosures
Click privacy for information about our company's privacy, data collection and data retention policies, and your rights.
In Association With Amazon.com
Answers 2000 Limited is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
In Association With Amazon.co.uk
Answers 2000 Limited is a participant in the Amazon EU Associates Programme, an affiliate advertising programme designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.co.uk.
As an Amazon Associate, our company earns from qualifying purchases. Amazon, the Amazon logo, Endless, and the Endless logo are trademarks of Amazon.com, Inc. or its affiliates.
All trademarks are property of their respective owners.
All third party content and adverts are copyright of their respective owners.