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BizHelp24 Edition No. 165
Thursday
19th October 2006

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October 2006 - Small Business News

 

Identity Theft - Is Your Business at Risk?

You are probably aware of identity theft and the problems and costs it can cause, but too many businesses are failing to take simple precautions to protect themselves.

The Federation of Small Businesses (FSB) has issued a warning to small business owners to take action now and lower the risk of being caught up in identity fraud.

David Croucher, FSB Home Affairs Chairman, said: “It is often assumed that identity fraud only affects individuals, but it is becoming increasingly clear that small businesses are in danger as well. The livelihoods of the owners and the jobs of 12 million employees are at risk.

“That is why it’s so important for small businesses owners to take adequate precautions, like shredding documents, protecting IT systems and checking the details of debtors. Small employers should also be very wary of anyone that makes unexpected contact by phone, fax or email and asks for sensitive information about the business.

“It is so much easier to take some simple precautionary steps now than to have to try to sort out the mess later on, which can take months or even years of paper-chasing.”

This advice comes as part of National Identity Fraud Prevention Week, which runs from the 16th to the 23rd October. There is a dedicated website with advice and a test to see how at risk your business is of identity theft. Stop ID Fraud.

You can find out more on protecting your business with our in-depth article How to Protect Your Business from Identity Theft  

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Archive: Oct to Dec 2006

 

 

BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

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