Many people think of identity theft only in situations where a social security number has been used to obtain credit cards. Identity theft is when your social security number and other personal information is stolen and used to open credit cards, obtain bank loans, do crimes or to be sold on the black market to identity thieves. Identity theft doesn’t only happen on a personal level, it can happen at a corporate level, too. The business’ information can be stolen and used by the criminal to obtain credit and loans, and suddenly your business could be responsible for thousands of dollars of debt.
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