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Two Ways Businesses Unwittingly Risk Identity Fraud

Sony’s recent hacking disaster troubles us. We’re all justifiably wary of having our identities compromised, just as about 70 million people on Sony’s networks were recently exposed to identity fraud. We’re concerned about the legal, financial and emotional ramifications of widespread scamming prevalent in our spamline culture. After all, losses from identity theft totaled $37 billion in 2010, according to the Washington Post. When it comes to business, most of us are primarily concerned about protecting the identities of our clients and customers. However, there is a simple way to ensure that they are secure: electronic file sharing. But many companies compromise their customers’ information without ever realizing it!

Consider this scenario: you’ve worked right down to the wire on a massive project for your most important customer. They need it by tomorrow, so you have two options:

Over 26 million personal records were exposed to theft in 2010, partially on account of corporate negligence. Naturally, no one wants their clients to be vulnerable at any point, so it stands to reason that we need an alternative mode of communication.

Electronic file sharing is not necessarily a new technology – just an underutilized one. This method allows you to upload your documents to a secure server and share access with clients, customers, contractors, etc. Those on the receiving end don’t have to purchase a file-sharing program themselves, because you can post a file-sharing access point to your website – customers or clients can simply login there. Effectively, the service permits businesses to avoid the costs of time and postage as well as the inherent danger of identity theft in transit.

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