The Range of Identity Theft

  • Identity Fraud, Identity Theft

Consumers and businesses have digital footprints just as deep (if not deeper) as any other trail they leave behind. Companies and customers alike have some sort of online presence whether its a fully functioning business website or a simple Facebook account. Online properties come in all shapes and forms and depending on which ones you invest in, will dictate how much of your information is at risk. A hacker getting ahold of your Facebook password is bit different than a hacker gaining access to payment information or a social security number. Businesses need to be mindful about their digital assets and the information that is tied to each. This also applies to consumers. People that share their information on sites that do not implement identity verification and/or authentication could be putting their personal information at risk. In a recent case, a woman in Kansas was a victim of total identity theft. This type of identity theft is far beyond a fraudulent charge on a credit card or a spammy email. The identity thief used the information to get a job, drivers license, mortgage, and medical care for her children. Perhaps the most shocking piece of information is that it got that far before someone caught the fraud.

Online fraud can range from an inconvenience to an all out life-ruining event. In some states, smaller online fraud such as a Facebook account hacking is not considered illegal. Many may see this type of activity as small problem that does not require any type of fraud prevention or attention. But, its these small fraudulent activities that can lead to a full-blown identity theft case. If companies and enforcement start turning their cheeks to these small hackings, it will enforce the idea that stealing someones identity in certain circumstances is acceptable. If companies and consumers dont take online identity theft (of all sizes) seriously, it will only open the door for more and easier total identity losses. Someone having access to any of your online identify is fraud big or small, company or personal. Fraud prevention measures must be implemented to help prevent instances such as this. If your company or the companies you conduct business with does not have a fraud prevention solution, they could be putting personal information at risk. As cyber security is finally getting federal attention, having a strong fraud prevention plan in place will become increasingly important. Be sure to know your options and risk, start the conversation for safer online use today.

[Contributed by EVS Marketing]