Guarding Against Business Identity Theft

Guarding Against Business Identity Theft

Individuals aren’t the only targets for identity theft. Corporate, also known as commercial identity theft, saw a 46% increase last year according to the National Cybersecurity Society (NCSS). Although businesses of all sizes are at risk, small businesses are particularly vulnerable. “Small business identity theft—stealing a business’ identity to commit fraud—is big business for identity thieves,” remarks Mary Ellen Seale, CEO of NCSS.

 

She explains, “Unlike larger corporations, small businesses don’t always have the required security controls in place to detect and deter fraudulent activity, which can make them easier targets. There is also a general unawareness, among large and small businesses alike, of the magnitude of the threat and the devastating effects that business identity theft can have.”

 

Stealing an organization’s identity takes a lot less work than one might think. State laws require the public disclosure of proprietary business information in annual reports, names and addresses of key company personnel as well as the employee identification number (EIN). All of this information can be used by thieves to apply for a line of credit or loan as well as intercept business credit card information.

 

What can business owners do to help mitigate their risk?

– Educate your employees about phishing scams. Phishers aren’t just targeting your business … they are grabbing your customers, employees, partners and vendors. Make sure your employees know what red flags to look for when they receive an email that is asking for an action from them. Examples include bad grammar, mispelled words, links to unfamiliar websites and attachments.

– Don’t post sensitive company information on your website.

– Stay on top of computer security updates.

– Check your credit reports regularly.

– Follow the IRS new procedures to protect businesses. Visit https://www.irs.gov/individuals/identity-theft-guide-for-business-partnerships-and-estate-and-trusts for detailed information.

– File your company’s annual report on time and regularly check the secretary of state’s website. Keep in mind that if you operate your business in more than one state, each state may have their own due date.

 

Unfortunately, identity theft is here to stay. With the number of incidents growing each year, and financial losses piling up, it’s more important than ever for businesses to be vigilant. Do you have an anti-phishing plan for your business? Please contact us if you need assistance developing one or educating your employees about the topic.

Zoofari 2019

Zoofari 2019

Join us! We are a proud sponsor of Cincinnati Zoo & Botanical Garden’s Zoofari event, which will take place Friday, September 13, 2019 from 6:30 pm to midnight. This year’s theme is A Masquerade Ball.

 

Zoofari attracts over 2,600 guests and raises integral support for the Zoo’s initiatives, including the care and sustenance of more than 500 animal and 3,000 plant species, ground-breaking conservation efforts and educational outreach programs that reach more than 330,000 students annually.

 

The event is usually sold out so get your tickets fast. We hope to see you there!

 

Follow #Zoofari2019

Capital One Breach Alert – 100 Million Impacted

Capital One Breach Alert – 100 Million Impacted

The Wall Street Journal reports that this latest massive consumer data breach stands to be one of the worst for U.S. consumers because of the type of financial information that was accessed. The hacker accessed personal information of Capital One credit card customers and applicants in the U.S and 6 million in Canada. “This valuable consumer financial information can be used to figure out the identities of the most creditworthy or affluent consumers and open a card or loans in their name.” READ MORE

 

Take Action
Though Capital One says login information wasn’t compromised in this hack, reusing old passwords is a major security vulnerability. We suggest that you immediately:

– Change your passwords

– Set up two-factor authentication

– Closely monitor your credit card activity and credit reports

We Are Here to Help!
Please contact our 24/7/365 Member Services team at 888.966.GUARD (4827) if you think you may have been a victim. You can also visit our website and click on Let’s Talk, where you can:

 – Schedule an in-person meeting or call

– Make a payment

– Send us a file

– Leave us your comments

– Access your account

– Click-to-call Member Services immediately

Guard Well Founder and CEO Panelist in HR Forum Discussion

Guard Well Founder and CEO Panelist in HR Forum Discussion

On Thursday, June 13, 2019 the Cincinnati Business Courier hosted a live panel discussion with industry experts concerning the ongoing changes and critical issues impacting Human Resources. The panel covered a a variety of topics including workforce issues around employee engagement, retention strategies, organizational development, compensation, benefits and educating tomorrow’s business leaders. Our Founder and CEO, E. Allan Hilsinger, was among three of the panelists. Other industry experts included Deirdre Bird, Director of HR Consulting, VonLehman CPA & Advisory Firm and Brian Dershaw, Partner, Taft, Stettinius & Hollister LLP.

 

You can read the entire discussion HERE.

Top 10 Identity and Access Management Solution Providers – 2019

Top 10 Identity and Access Management Solution Providers – 2019

An Intelligent Way to Protect Your Employees

Guard Well Identity Theft Solutions was listed as one of the “Top 10 Identity and Access Management (IAM) Solutions Providers – 2019” in Enterprise Security Magazine. “What has intrigued us the most is that Guard Well always takes the driver’s seat in addressing the identity theft and restoration challenges through its full resolution solutions, cutting edge advanced monitoring tools and proprietary API technology. The company has been on the pinnacle in combining their 24/7 availability and an intense focus on customer service to provide the best IAM solutions today,” remarked Michael Brown, Managing Editor.

 

You can read the entire article HERE.

Guard Well Presenting Sponsor BBB Torch Awards

Guard Well Presenting Sponsor BBB Torch Awards

For the past 18 years, the Better Business Bureau (BBB) and the BBB Center for Ethics have given awards to students, businesses and nonprofits at the Torch Awards for Marketplace Ethics for aligning with their mission – to provide ethics education, direction, and recognition to the community, for the purpose of strengthening the career lives of future and current employers and employees. The BBB Center for Ethics believes the ideal workplace is built by a superior workforce.

 

The 18th Annual Torch Awards was held on October 19th and hosted 240 guests and around 70 businesses and nonprofits represented from the Greater Cincinnati, Northern Kentucky and Southeastern Indiana areas. “We have the privilege to learn about many businesses who truly value ethics, especially in industries that we don’t typically think make it a priority. It’s inspiring to see companies that strive to be the best of the best for consumers who are looking for trustworthy businesses. It’s not an easy application and not easy to win…and shouldn’t be for this sets the good and the great apart,” says Trisha Sefakis, Director of Communications for the BBB.

 

“We were thrilled to be the presenting event sponsor for this extraordinary event,” remarked E. Allan Hilsinger, Founder and CEO of Guard Well Identity Theft Solutions, LLC.

 

To learn more about the BBB Torch Award Ceremony, the honorees and award recipients, please click HERE.