Transcript
Greg Corombos: Hi, I’m Greg Corombos. Our guest in this edition of Expert Insights is Andrew La Marca. He is the Director of Fraud and Compliance at Dun & Bradstreet. He’s also a leading expert on business identity theft, which is a rapidly growing threat. Today we’re going to explain what business identity theft is, how it often works, how to protect your business, and what to do if your business does become a victim. And Andrew, thank you very much for being with us.
Andrew La Marca: Thank you, Greg, it’s a pleasure to be with you here today.
GC: We hear about personal identity theft all the time. A bad actor gets your social security number or some other sensitive data and opens accounts in your name. And before you know it, you’re bankrupt and all sorts of other financial nightmares. But what exactly is business identity theft?
ALM: Great question, Greg. And really no different than exactly what you stated. Just flip the actual victim around. So, I view it as the same thing, right? A business has its own identity. A bad actor can leverage that business identity for illicit gains. And Dun and Bradstreet usually sees business identity theft…Oftentimes, we find an individual at the business, whether it’s a small to medium sized business, or even an officer at a fortune 500 company, is also a victim of identity theft. That bad actor will learn and study the information about that individual or the officers of the business. They then will sometimes make…
