Today's Business World

How to Prevent Identity Theft

An insider threat solution can be the first step in preventing loss of identity, financial assets, and often, lives. Most people can avoid using a social security number as a means of authentication, but the world is becoming more personal by the day. Employees have had to undergo credit checks, employment background checks, references, criminal history, and employment evaluations. The damage caused by a potential employee of a contractor to your business is a matter of risk management. For many companies, the focus is on financial security and avoidance of legal issues and damage control. But there is a much larger issue at hand: how to safeguard the identity of employees. Not protecting the employee’s status can result in a loss of identity theft, and, in many cases, it will lead to worse financial and career issues. Anyone who has ever attempted to achieve a higher level of security risk by taking risks themselves knows that nothing works. The senior manager who’s smart in hiring and firing can help you identify these problems, but ultimately the actions of management are limited. It can only do so much. One of the most common approaches to security risk management is to implement a background screening or eligibility evaluation. However, the simple fact is that most of these systems miss significant numbers of important issues, not just the smallest, making it nearly impossible to determine which employees are competent and which ones are not. Most organizations do not offer training for new employees. Most people use the system, and then they find out it’s a big mess. Most organizations will overlook these problems as long as the scorecards and credit records are up-to-date and secure. Formatting your device would be the last option if nothing works. I know, this might cause a huge risk to…