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pregnancy The threat of identify theft exists everyday.
By To-Wen Tseng
According to TrustedID, a company that specializes in protecting companies from being the target of identify theft attacks, there are over nine million identities reported stolen every year, or one every two seconds. Last year alone, over 250 million identities were compromised.

The Identity Theft Resource Center, the country’s leading non-profit organization dedicated to identity theft prevention, estimated the cost to businesses from identity theft last year at $49 billion.
In a report by the Center for Identity Management and Informational Protection, 50 percent of the identity theft cases could be traced back to lost business information. Given that identity theft continues to grow and affects more people, it feels as if it is more prevalent than ever. Yes, identity theft is difficult to combat. However, there is hope.
As a small business owner, you may work from a home office. It does not necessarily affect how secure or insecure your business is, but there are several things to keep in mind. In most cases, your identity is as secure as the places where it is stored. If your home office is well organized—the important information is locked up, access by people other than yourself is limited and the computer is password-protected—your identity may be just as safe as it would be in a more formal office environment. If, on the other hand, you share a computer at home with kids who download software (and possible malware), your financial information is laid across tables in reach of babysitters or house cleaners and you don’t own a shredder, you could be putting yourself and your business at significant risk.
TrustedID provides five key rules for small business owners to follow and reduce the risk of the company suffering a data breach, in which information about the customers or employees is compromised.
First, collect only information you need from your customers. The more information you store and the more information a thief can steal, the higher your costs of secure storage, and the greater potential liability if the information is compromised.
Second, invest in software and hardware to protect your customers’ data. Understand and comply with key industry standards for data storage. Create and display a privacy policy that details how your information collects, stores, secures and shares data. Leverage your investment by promoting your security consciousness to your customers, giving them greater confidence in your business.
Third, create policies to limit access to sensitive information to trustworthy employees who have a valid business reason to access that data. Even if you consider them to be trustworthy, err on the side of caution and perform background checks and drug tests each year.
Fourth, secure your physical workplace by locking mailboxes, desk drawers, file cabinets, computers and anything that might contain valuable information. Many identity thieves steal information directly from offices and take advantage of any unsecured access point. Require all employees to lock office doors every night. Install video cameras in the office to monitor nighttime activity.
Fifth, properly dispose of information when you no longer need it. Use a shredder for all paper documents and make sure electronic files are completely destroyed. If your office disposes large amounts of sensitive information, hire a trustworthy outside company to do the shredding for you.
If your identity is stolen, as a first step, you should place fraud alerts on your personal credit reports to give you and your business extra protection against a thief opening new credit accounts in your name. Immediately notify any institutions impacted by the theft where you are a victim. Contact law enforcement if the crime results in losses greater than $500 in value, so they can provide you with a police report. This documentation may be important later as you try to restore your identity to good standing.
For more information, please visit TrustedID at https://www.trustedid.com/