An Employer Identification Number (EIN) is a unique identifier for businesses, similar to a Social Security Number for individuals. It’s crucial to keep your EIN safe as it can be a target for identity thieves. Here are some steps to protect your EIN from business identity theft:
Monitor Your Business Credit Report: Regularly check your company’s credit report with Dun & Bradstreet or Experian for unusual activity that might indicate identity fraud.
Enroll in a Monitoring Service: Enroll in a monitoring service of your company’s credit report so you can regularly inspect it for atypical activity that might be a sign of fraud.
Safeguard Your Systems and Data: Implement strong data security practices and train employees on data protection
Keep a Low Profile: Avoid sharing anything about your business, online or in public, that could put the company at risk.
Stay Vigilant: Regularly monitor your financial statements, social media accounts, credit reports, Secretary of State filled information and other business records for any signs of changes, manipulation, or suspicious activity. Biz-Trac by Capital Oversight will monitor such activity and alert you immediately.
Invest in Security: Invest in security systems and software to protect your business’s digital assets.
Respond Immediately to IRS Notices: If you believe someone fraudulently used your EIN, notify the IRS immediately using the contact information on the notice or letter.
File a Police Report: If your business becomes a victim of identity theft, file a police report with the local police department.
Review and Reconcile Account Statements: Carefully review and reconcile account statements as soon as they are received. Create and review intrim statements if possible.
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.
*Important subscription, pricing, and offer details:
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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