Business Identity Theft Protection
Business identity theft is a crime when someone fraudulently obtains and uses a business’s identity at the detriment of the victimized business. MS Privacy Solutions provides limited victim assistance recovery to the business identity.
Businesses are at higher risk for identity theft than individuals are because they routinely carry much larger bank balances and their higher credit limits make them more attractive targets. They make larger purchases with less scrutiny, and since their legal information is much easier to find, it is easier to open fraudulent accounts.
The types of information used by criminals to impersonate a business can be as simple as its name, physical address, and EIN, all of which are found on the internet. Identity theft can seriously harm a business as well as its customers, creditors, suppliers, employees, and owners.
Any organization or business can be targeted by criminals for identity theft, including not-for-profits, schools districts, corporations, partnerships, LLCs, and sole proprietorships. The risk is real.
How are you protecting yourself and your company against identity theft? Are you retaining the risk or getting help with it? You can get help easily and efficiently through managed identity theft recovery services.
It is feasible to recover an individual’s identity completely due to consumer protection laws; however, most of the consumer protections provided to individuals are not extended to businesses. If you want a more comprehensive solution, business identity insurance is available.
Corporate identity theft protection services
For businesses large and small, of any type, MS Privacy Solutions has an affordable identity theft protection plan.
Managed Identity Recovery helps protect businesses against loss, sparing the business manager from having to spend an inordinate amount of time and resources resolving a business identity theft. It also provides managed identity recovery for all the business’s owners, employees, and their families. By covering all entities, recovery is left to the experts and allows them all to focus on their jobs.
Identity recovery services for owners, employees and their families
Businesses are exposed to loss when one of their owners, employees or family members becomes a victim of identity theft. Personal identity theft depletes productivity because much of the restoration process needs to be addressed during work hours when government entities are open. The time lost on identity theft recovery is likely to be during working hours. It is best to stop identity theft as soon as possible to prevent it from getting out of hand, and it is most efficient to do so with the help of an expert identity manager.
Without the help of an expert, recovery is a time-consuming process. It can take an individual over 300 hours and causes an average loss of $9650 to recover his or her identity over weeks, months, or sometimes years. It is particularly difficult for employees who work outside the office without immediate access to computers. The lost productivity from the actual work on the recovery, as well as the distractions it causes, can create a substantial loss to any employer. It is probably even more disruptive if the owner or a key executive is the person whose identity is compromised.
It is essential that businesses have a quick and easy identity recovery service available to owners, employees and their families who are victimized by identity theft. Managed Identity Recovery provides identity theft recovery to all employees and their families including the owners.