What Is Corporate Identity Theft?
Although many connect the term identity theft with the theft of a person’s identity, corporate identity theft, in which the identity of a corporation or business — even small and medium-sized businesses (SMBs) — is stolen, is becoming more and more common. In some cases, the break-in is so stealthy that executives do not become aware of the issue until quite a lot of damage has been done. SMBs can be more attractive than people to identity thieves due to larger lines of credit and less scrutiny about how it is used. The exact mechanisms of corporate identity theft may vary somewhat by country, depending on the laws and the mechanisms for changing information. For example, in the UK, on the submission of documents that seem to be authentic to a corporate registration service, an identity thief could make substantive changes to an organization. This is the mechanism to appoint new directors, change the director, or change the registered address. With this type of changes, the actual dire
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