Protect Your Business From Identity Theft!

Businesses are just as vulnerable to identity theft as individuals. This could be anything from supplying a fake or false registered company with products or supplies who then disappear when the bills arrive, to discovering that someone has ‘hijacked’ your business and has been securing credit, goods and services in your good name.

In addition, if you don’t have a robust information protection policy in place, your company could expose your customer’s or employee’s information to fraudsters. 95% of individuals in the UK are not completely confident the organisations they deal with protect their personal information from falling into the wrong hands.

If your business is affected by identity fraud, there could be substantial damage, not just to partners who deal with you, but to your company’s reputation and most valuable asset – your brand.

How Can I Protect My Business From Identity Theft?

Education and awareness is the first important step to help reduce the risk of identity theft. It’s critical that companies have a clear policy in place and can easily explain to staff the ways they can contribute to protecting their identities and that of the company.

Being proactive in your ID fraud prevention approach is vital, particularly when it comes to paper documents, which can easily be overlooked when you’re focusing on digital security measures.

Think about the amount of details we print out on a daily basis – application forms, copies of emails, plans, spreadsheets and more – and then consider what could happen if they fell into the wrong hands.

Make sure you and your team never leave documents lying around the office and never throw them away without shredding them first.

To stay protected from identity theft all employees need to participate in the safe storage, management, and disposal of information. It’s critical that companies have a clear policy in place and can easily explain to staff the ways they can contribute to protecting their identities and that of the company. It is also essential to provide employees with the tools to do so by ensuring that everybody has access to a paper shredder.

A Fellowes shredder offers you a document shredding machine to cater to your individual home or office environment. We provide a range of shredders including:
Personal shredders – for individual users in a home office or small office environments.
Small / Home Office Shredders – ideal for more frequent use and where greater run times and sheet capacities are required.
Office & Departmental Shredders – ideal for multiple shredder users, shared working environments, and the handling of large volumes of sensitive information.
Shredder supplies – keep your shredder running efficiently with our shredder oil and strong waste bags.

Here Are a Few Helpful Tips to Help Protect Your Company From Identity Theft:

• Register with CICP & make sure you sign up to their Electronic Filing, Proof & Monitor services which will help to prevent fraudsters changing the names of your directors & effectively ‘hijacking’ your company.
• Always make sure that sensitive, confidential, or unwanted information is disposed of properly and securely preferably using a cross-cut shredder. Make sure anything including containing financial, personal, customer, or employee details are shredded immediately before being thrown away – you should also shred any unwanted business plans, marketing plans, or strategy documents. Don’t forget to shred CDs too before throwing them away.
• Make sure that all staff is fully aware of the risk of identity fraud. Create a clear set of guidelines concerning the handling, storage, sharing, and disposal of sensitive information, online and offline. If required hold updates and training sessions to ensure they are aware of the steps they need to take.
• Always check the identity of your customers. Both business & consumer credit reference agencies offer a wide range of solutions to authenticate & verify the existence and identity of customers.

• Make sure that all staff has access to a cross-cut shredder; position shredders near copiers/printers for quick and easy shredding of documents that might be left out on the paper tray.
• Make sure confidential information is securely stored in a locked storage unit or safe. Ensure the combination is changed every 6 months or whenever someone leaves the company or no longer requires access.
• Always ensure anti-virus software and firewalls are maintained and up-to-date – both of these actions are essential. Always check for the lock button at the bottom of the screen when submitting sensitive or confidential information via a website. This ensures the information is encrypted.
• Before disposing of, selling, or donating an old computer or hard drive, make sure the data on it has been fully erased from the hard disk.
• Do not email or send out artwork files of the company logo unless you are sending it to a known recipient with a legitimate business reason. Always ensure your logo is protected on websites and in emails so that it can not be saved as an image and used without your permission.
• Do not throw away or give out blank letterheads to customers or suppliers and always shred any information on letter-heads so it can’t be used by fraudsters.