Risk of Identity Theft is a Costly Proposition for SMBs

Small Business Owner Looking at Laptop

*Originally posted June 18, 2019. Updated June 22, 2020.*

Much like individuals, businesses can be victims of identity theft. However, unlike personal identity theft, it is often unclear how a Small and Medium-Sized Business (SMB) can recover from the financial and reputational impact. Business identity theft occurs when criminals impersonate a company to target its funds, file fraudulent tax returns, take out loans, or apply for lines of credit — all for financial gain. Continue reading

Public Information Threatens Your Business Security

Man Staring at Wave of Information

*Originally posted February 22, 2017. Updated March 23, 2020*

Is your business more public than you think? 

In this overwhelmingly information-rich world, the answer is a definite yes. And if it’s public information, it has every legal right to carry on. 

Among social media platforms, review sites, consumer blogs, industry forums, and business search databases, there’s a good chance that you’re being talked about. People flock to this public information so they can get a better picture of your company from others’ experiences. This includes current and prospective customers, as well as potential business partners. Continue reading

Third-Party Data Breaches: An Unavoidable Threat for All Businesses

Group of business people in office

Corporate data breaches are nearly a daily occurrence, and it’s not only the largest, most visible companies that are exposed to the risk. Often, data vulnerabilities can stem from relationships that companies have with vendors, suppliers, partners, and other third parties. Small- and Medium-sized Businesses (SMBs) are especially vulnerable to data theft. They typically have fewer resources, lack a security infrastructure, or don’t think they are as exposed to the risk of breaches as larger organizations. Continue reading

Fraud Awareness Week: Prepare Your Business for Holiday Scam Season

Although we don’t like to admit it, succeeding as a small to mid-sized business (SMBs) takes more than a great idea and strong work ethic. Vigilance and the ability to anticipate the unexpected — whether it’s unforeseen costs, dips in the economy, or other more ominous issues — is all part of the job description for every small business owner. Continue reading