Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Happy first day of December! It’s December and the end of the year is in full-swing. Don’t go into the holiday travel season without the December Book-of-the-Month: Business Adventures by John Brooks.

December means that its holiday time. No matter what holiday you celebrate it’ll...

Female celebrities are breaking the stereotypes of Hollywood and diving into the world of business. Check out how these women are using their fame, fortune, and power to start their own companies. From media production to makeup, these Top Female Celebrity Business Owners are doing it all!

As...

With only a few weeks lefts in 2017, it’s time to get organized now! The holidays are around the corner and you don’t want to be scrambling at the end of the year. Use these Small Business Organization and Tax Tips to End 2017 to help you keep the end of the year stress to a minimum.

Happy...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
National Property Inspections
Flexible work schedule, no experience needed, and complete training and support available!
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
Top 50 Home-Based Business Ideas
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
I Want To Buy a Business Opportunity or Franchise
Who are the types of people who buy a business opportunity or small franchise? According to people in... Read on
Copying & Publishing Business Opportunities
Today creativity abounds in the printing and publishing space with more unique business solutions than ever imaginable.
 
Resource Center > Article
Identity Theft: A Very Real Threat to Small Business Owners
Share this Article:

As a home-based or other small business opportunity or franchise owner, you’re incredibly busy.  So busy in fact that there’s a good chance you’re not minding your finances as well as you could or should.  Unfortunately, identity thieves are onto you, making your business especially vulnerable to their ever-evolving and potentially devastating tactics.

According to the Javelin Strategy & Research 2010 Identity Fraud Survey Report, small business owners are one-and-a-half times more likely to be a victim of this crime than are other adults.  Why?  It’s because identity thieves are more sophisticated than ever, and they’ve become especially drawn to small businesses for a number of key reasons: 


  1. Small businesses often have access to significant lines of credit. 

  2. They have cash reserves that individuals oftentimes don’t. 

  3. They are actively involved in trusted business relationships that can readily be exploited by a third party, and 

  4. Personal and proprietary information often is not secured properly, making hacking and access too simple.


Add to all this the fact that small business owners like you are trying to do so much that minding the financial store may not be a top priority, and you could be in serious trouble before you  know it.  Fortunately, there are some relatively easy and fairly affordable things you can do to reduce the chances that your small business will fall prey to identity theft.

Here they are:


  • Mind the numbers that matter most―Your social security number, your Employer Identification Number (EIN), your bank account numbers…any number that allows anyone to have access to your personal, financial or business dealings should be given out only sparingly and when you are certain who is asking for the information and why.

  • Keep all of it under lock and key―Whether it’s your physical office space, your file cabinets or your desk drawers, anything that contains valuable information must be secured at all times, especially when you are out of the office.  This includes doing whatever it takes to protect your computer from hackers, such as firewalls and security patches as they become available.

  • Limit access―You need to password protect your computers and allow the few individuals who need access to have it only when necessary.  It’s a good rule of thumb to play it safe by keeping everything on a “need-to-know” basis as much as you can.

  • Shred it and forget it―Shredders are not terribly expensive and their potential payoff is tremendous.  Identity thieves are notorious trash and dumpster divers.  They’ve perfected the art of piecing back together everything you throw away so they can use it against you and possibly destroy all that you’ve worked so hard to build.

  • Beware of “phishermen”―Legitimate companies and individuals do not send emails requesting you to send vital information back to them unless you’ve initiated the exchange.  If an email contains a link for you to go to and provide this kind of information, don’t go that route.  It may be a set-up.  Open a new browser window and initiate contact with the company on your terms just to be safe.  You never know for sure who or what is on the other end of an email.

  • Go electronic―Electronic payment systems are more secure than using paper checks.  These systems use encryption and passwords as a strong deterrent.  Your mailbox doesn’t.

  • Make weekly check-ups a habit―You’re busy, that’s for sure, but you’re going to wish you made some time to look over your bank and credit card statements if the worst happens and someone starts masquerading as you or your business.  Try to make even the most cursory check-up of your financial matters a weekly or bi-weekly goal if at all possible.


The harsh reality is that when your identity as a small business owner is stolen from you, you’ll have to clean up the mess, which can take months if not years and even put you out of business.  By taking reasonable precautions, you can avoid becoming a target of this kind of criminal activity.  You and your business are worth it.

Related Blog Posts

Have you always wondered about running a home-based business? Are you looking for tips to make your home-based business a success? Look no further! Check out these tips and business opportunities!

Running a home-based business may seem like it’s all fun and games, but it can be tough. People...

These four top companies are giving back this holiday season to help women in need and foster entrepreneurship among women. Check out these companies donating to empower women and how your company can do the same!

The end of the year is approaching and companies are looking to donate to the...

As we enter the holiday season, we’re getting excited to celebrate the holiday and catch up with friends and family for some much-needed rest and relaxation. This can be tough for the home-based business owner or entrepreneur. To help you manage it all, we’re bringing you our 6 Tips to Balance...

Buying a computer for your business is a big decision. Don’t take it lightly! To help, we’re sharing our tips to Choosing the Best Business Computer.

If you’re thinking about buying a computer for your business, please read this, PLEASE! Buying a computer is one of the most important business...

Feeling overwhelmed with being a mom and an entrepreneur? We got you covered with our Success Advice for Mom Entrepreneurs!

Being a mom is a full-time job itself. It is no secret that children require a lot of attention. This can be tough if you are trying to start or run your business from...
 
   

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor