Yes, a business can indeed be a victim of identity theft. This is often referred to as business identity theft, corporate identity theft, or commercial identity theft1234. It occurs when criminals pose as owners, officers, or employees of a business to illegally obtain cash, credit, and loans, leaving the victimized business with the debts3.
Business identity theft can happen in various ways, including when someone creates, uses, or attempts to use the identifying information of a business, without authority, to obtain tax benefits4. In some cases, business identity thieves file fraudulent business returns to receive refundable business credits or to perpetrate individual identity theft4.
The consequences of business identity theft can be severe, affecting the business’s financial health, reputation, and operations12. Therefore, it’s crucial for businesses to take steps to protect themselves from such threats. This includes implementing robust security measures, regularly monitoring financial transactions, and training employees on how to detect and prevent identity theft1
No one can prevent all business identity theft or monitor all transactions effectively. Biz-Trac service product is constructed to mitigate and prevent business identity theft.
Further, any testimonials on this website reflect experiences that are personal to those particular business entity and/or users, and may not necessarily be representative of all entity or users of our products and/or services.
We do not claim, and you should not assume, that all business entity or users will have the same experiences. individual business results may vary.
The Business Identity Theft Insurance is underwritten and administered by American Business Life Insurance Company of Florida, an Assurant company. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. Review the Summary of Benefits.
** Free trial offer can only be redeemed once per customer. Full access to plan features depends on identity verification and credit eligibility.
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No one can prevent all cybercrime or prevent all business identity theft.
Biz-Trac® is a cross platform identity theft business solution for all companies located in the United States and Canada.
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