Figures reported by FTC are as high as nearly 12 million identities have been stolen in the U.S. in 2009.
Presently identity thieves are attacking to a new target. This new target has more capital Cheap Jerseys China Wholesale , is much easier to steal greater amounts of money from and the theft often is not be noticed for a long time. Who is their new target? Small and mid-sized businesses!
A study released by the Ponemon Institute indicated that the number of cybercrime incidents reported increased by 56 percent and the average damage to a mid-sized business typically totals $6 million. Included in that estimate is the “direct, indirect, and opportunity expenses that occured due to the loss of stolen information, disruption of corporate operations Cheap Wholesale Jerseys , direct revenue loss, and destruction of property, plants and equipment.”
The study goes on to say the time needed to respond to a cyberattack on mid-sized businesses has increased from 14 days to 18 days, and the per day expense of responding to cyberattacks has swelled from $17 Cheap Authentic Jerseys ,600 to $23,000. Solving the aftermath of a data theft is alarmingly expensive, on average $416,000.
A recent Javelin Strategy & Research Study identified that even though identity fraud targetted at small businesses is becoming more common than with consumers Cheap Jerseys Free Shipping , organizations are clearly less likely to be prepared for it.
Amazingly only 1 in 700 identity thieves ever get caught. Compared to other crimes, identity theft risks less and earns far more. Many identity thieves have focused their criminal efforts to small businesses as a result of small business identity theft presenting even higher rewards. Philip J. Bland, Javelin’s Director of Marketing states that, “Overall there’s about $8 billion lost in this particular small business market.”
The problem is so great that the National Association of Secretaries of State formed a Business Identity Theft Task Force to address this issue. They recently held a meeting in Atlanta Cheap Jerseys From China , Georgia to discuss small business identity theft prevention strategies and to find ways to protect government systems.
Criminals and identity thieves have moved from big businesses to small businesses due to the fact they don’t have the sophisticated computer system protections, or the means to watch for criminal activity like large corporations and businesses. They are well aware small businesses are not as focused on the problem or willing to continually safeguard their information like larger businesses because of the added expense.
They risk their bank accounts, credit card information, and customer and employee information. This is very dangerous and small businesses must take critical steps to protect against identity theft or assume the risk going out of business from only one incident. They can’t wait or depend on government agencies to protect them from small business identity theft.
In order to prevent identity theft Cheap Jerseys China , businesses of every size have to monitor their financial and bank accounts on a daily basis, monitor their Duns File and credit reports trying to notice unusual transactions, and check their state business registration for unauthorized changes. It is a scary fact; no one cannot completely deter identity theft. All anyone can do is catch the breach as rapidly as possible and minimize the effect on your business. Proactive monitoring efforts today could safeguard your business in the future. Small Business, Entrepreneur
I am a work at home mother who is very proud of my 3 wonderful children and husband. I have had a home business for several years and am a guru on beginning your own business.
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