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The nation's Better Business Bureaus
launched a new campaign to alert the business community to the importance of
preventing identity theft.
"Business owners that don't take protection measures to secure
their information files place their employees, their customers and themselves
at risk. They all but welcome a silent, yet very successful intruder: the
identity thief," said Ken Hunter, president and CEO of the Council of
Better Business Bureaus.
The BBB announced its identity theft campaign in conjunction
with the National Cyber Security Alliance's "Roll Back the Clock"
initiative. The BBBs, the Alliance,
the Federal Trade Commission and the U.S. Department of Homeland Security are
taking the opportunity to encourage consumers to "move forward"
with regular checks of their computer security.
"Better Business Bureaus are pleased to join in this effort
by providing helpful tools to small and medium-sized businesses that may lack
the time or technology know-how to tackle identity theft and other cyber
security issues on their own," Hunter said.
While identity theft is a non-violent crime, it is not a
victimless one. BBBs emphasize that businesses, as well as consumers, are
hard-hit by the impact of this fast-growing crime.
- According to a survey by the
Federal Trade Commission, identity theft cost businesses and financial
institutions $48 billion in 2002.
- Businesses are impacted each
time an identity thief misuses an existing account or opens a new account
in the names of their victims to purchase products or services, rent
apartments and homes, obtain medical care, seek employment, obtain fake
government documents or commit other frauds.
- Employee productivity can be
affected when identity theft strikes. Victims on average spent up to 600
hours trying to resolve identity crime, which can impact on their
productivity and morale at the workplace.
- Businesses may unwittingly
hire criminals who apply for jobs, using the names, credit and work
histories of reputable workers.
- Long-standing customers may
end up resenting businesses that hound them for overdue payments for
products or services made by others in their name. And, resentment
results if a customer determines a particular businesses to be at fault
for providing ready access for thieves to steal their personal financial
information
The BBB cautioned that while identity theft
crime has exploded with the growth of networked computers and high speed,
"always on" Internet access, it cannot be blamed on technology
alone.
"Plenty of
identity thieves steal victim's names, account numbers, social security
numbers and other vital information the old-fashioned way: by digging through
dumpsters, wandering uninvited through offices to scour for unattended
purses, and rummaging through outgoing mail," Hunter said. "We urge
businesses to practice self-defense and secure their information files in the
real world, as well as the virtual world."
The BBB system's
campaign to assist the business community in eradicating identity theft crime
includes:
- A comprehensive Identity
Theft web site
(www. bbb.org/idtheft)
with helpful tips for businesses and their employees on how to prevent
this growing problem. Included is information on how to protect paper
files and electronic files.
- An educational video, available in VHS and DVD,
that reveals how this crime occurs and teaches viewers, including
businesses, how to minimize their risk. The video, which includes actual
victims' stories, is part of the BBB Video Series on timely consumer
topics, and can be purchased through the BBB ID Theft web site.
- Partnerships to provide free and
practical advice to a wide base of businesses. HP, a strong supporter of
BBBOnLine, is providing a link from its Small and Medium Business
web site to the BBB ID Theft site and is encouraging other businesses to
join in this effort by providing links to the BBB content. The CBBB and
FTC are working on a joint publication to provide a "self-assessment
checklist" that will help businesses evaluate how to secure their
information files against intruders. Throughout the holiday season, the
BBB system will carry forward the U.S. Postal Service ID theft campaign
to heighten shopper awareness to the risks they face during this
"profitable" period for identity thieves.
- Community outreach by local BBBs throughout
the U.S. and Canada, who will distribute ID theft prevention tips to
their business members; deliver speeches to community and business
groups on identity theft; and direct consumers, who are victims of this
identity theft, to helpful resources.
"By using our easy-to-access and
easy-to-implement tools, even the smallest business can become a responsible
custodian of their customers' personal information and a strong guardian of
sensitive employee data," the CBBB president said.
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