In that sense, the victim can be any type of entity with a business Tax ID, from an individual proprietorship to a large corporation. What is Business Identity theft?īusiness identity theft, also known as corporate identity theft is the illegal impersonation of a business. In this article, we show you the different types of business identity theft, its consequences on businesses, and what can be done against it.
It is, therefore, more than ever indispensable for business owners to take immediate action when facing any form of corporate identity theft. Criminals carry out impersonation attacks on companies to illegally make a profit on the brands’ success, leaving businesses affected with damaging repercussions.ĭata from PwC revealed that 47% of companies worldwide have experienced fraud in the past 24 months. Over the past year, business identity theft has increased dramatically. CHECK OUT THE IDENTITY PROTECTION PLAN AVAILABLE FOR YOU
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