Did you know that the U.S. Small Business Administration estimates that identity theft costs businesses globally $221 billion a year?
It is an expensive risk for businesses not to be prepared for hackers and identity thieves to strike. Moreover, it can interfere with the trust your consumers have for your business.
Criminals can seize a company's identity and subsequently use it to acquire credit, causing a slew of issues. Then, they will use the credit to make large purchases and damage the company's credit.
To stop these thieves from interfering with your business, here are five ways to prevent identity theft.