Disclaimer: The opinions of the columnists are their own and not necessarily those of their employer.
Kenneth F. Belva

Businessweek: Business Entities Victims of Identity Theft Too

Businessweek reports that businesses may become victims of identity theft too. The scam is called a “business bust-out”:

A criminal rents space in the same building as your company. Then he applies for corporate credit cards using your firm’s name. The application passes a credit check because the company name and address match, but the cards are delivered to the criminal’s mailbox. He sells them on the street and vanishes before you discover your firm’s credit is wrecked.

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