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Protecting your Business

Posted On: July 7, 2023 by San Luis Valley Federal Bank in: Financial Education

Business Identity Theft Protecting your Business and Resources

What is Business Identity Theft?

In the case of a business, a criminal takes over the identity of a business and uses that identity to establish lines of credit with banks or retailers. Using this credit, the identity thief purchases goods, gift cards, and other items that can be bought and exchanged for cash, or sold with relative ease.

The damage can be devastating to the business and to the...

Tags: Business Identity Theft, Protecting your Business