What is Identity Theft?
If you answered credit card or bank account theft, then you are not alone in understanding. Unfortunately, like most Americans, you are only 25% correct. There are, in fact, five areas of identity theft. Financial crimes comprise only 27% of the problem with the rest coming from the following areas:
- Drivers License
- Social Security
The Federal Trade Commission (FTC) estimates that 10 million Americans have their identities stolen each year. Source FTC
This year 1 out of 4 families will be victimized by identity theft. Consumers victimized by identity theft may lose out on job opportunities, be denied insurance, or loans, encounter tax and IRS issues, or have erroneous information listed on their medical records. They may even be arrested for crimes they did not commit. The potential for damage, loss, and stress is considerable.
Every Business Must
- Provide Reasonable Measures of protection for your employees and customers
- Establish policies and procedures on protecting sensitive and non-public information
- Provide ongoing employee training on identity theft prevention
- Make available restoration services for employees that have become victims of identity theft
- Investigate contractors and service providers, data security practices to insure their standards comply with the Federal Privacy Laws
- Notify Customers of Data and security breaches
Because of the seriousness of identity theft, Federal Privacy Laws such as FACTA and GLB have been enacted that hold companies liable for the protection of private information related to their employees and customers. Many companies are neither aware of the law nor the steps necessary to protect themselves from liability.
How We Help
IDentity Theft Business Solutions, Inc. provides identity theft and Privacy Law solutions to both the business and the employees. We assist businesses with developing tools necessary to comply with Federal Safeguard Rules and Privacy Laws.
At IDentity Theft Business Solutions, Inc. service is provided by State appointed Legal Expense Agents and Certified Identity Theft Risk Management Specialists. This certification is governed and appointed by The Institute of Consumer Financial Education (ICFE). The ICFE is an official Partner with the Department of Defense’s Financial Readiness Campaign.
IDentity Theft Business Solutions, Inc provides identity theft protection, educational programs, and assistance to businesses across North America. Professional services include, but are not limited to the following:
- Risk Assessment
- Affirmative Defense Plan
- Employee Training
- Restoration assistance
- 3rd party Contractor Review
IDentity Theft Business solutions, inc. Has the Solution! We provide your business with the information, plan of action and the expertise required to implement a solid compliance program, at no cost to your business!
"The Federal Trade commission will act against companies that don’t protect customers data".
*Besty Broder FTC Asst Director of the Division of planning and information
"Given the cost of a security breach losing your customers trust and perhaps even defending yourself against a lawsuit safeguarding personal information is just plain good business."
*The Federal Trade Commision