identity theft training Archives - John Sileo, Cyber Security Training

Identity theft training crucial for companies great and small

With all the news about fraud hitting big name companies, you might think that identity theft training is only for the corporate giants. Think again.

A study recently performed by a subcommittee in the U.S. House has revealed an alarming statistic: small businesses are a target for digital criminals just as celebrity brands like Twitter and Facebook attract fraudulent attention. But unlike those huge companies, smaller names usually have less to spend on security and are therefore more vulnerable to those kinds of attacks. According to a report mentioned in a statement by the subcommittee’s chairman Chris Collins, 60 percent of small businesses hit by online attacks end up closing within six months.

Here are some more rather frightening tidbits, courtesy of the same source: 87 percent of smaller businesses don’t even have an official written security policy. And attacks on companies with fewer than 250 employees apparently make up 20 percent of the total number of instances of online infringement. It’s not just the total gross that draws the attention of data thugs, and just because you’re not raking in billions doesn’t mean you’ll go unnoticed.

Identity Theft Training

John Sileo knows identity theft and data breach first hand – he became “America’s Leading Identity Theft Speaker and Expert” after losing his business and more than $300,000 to these costly crimes. He has provided these Identity Theft Resources to help you protect your organization from suffering from the losses that result from unprotected private information. Visit John’s Identity Theft Prevention Store to learn more.

Hire John to train your employees to prevent identity theft, data breach and corporate espionage

Safe data is profitable data, whether it’s a client’s credit card number, a patient’s medical file, an employee’s benefit plan or sensitive intellectual capital. By the time John finishes his hilarious closing story, your audience will be fully empowered to protect private information, at home and at work.

Employee Background Checks

CSIdentity Safe

CSIdentity SAFE

Great employees are hard to find, but without the right employee background screening process, deceitful candidates are even harder to spot. Hiring dishonest employees puts your sensitive and confidential business information at risk and could cost you millions if stolen or damaged.

According to The Ponemon Institute, an independent research foundation, the average cost of data breach to a victim corporation is $6.75 million. In 2008, the lowest reported cost of data breach was $613,000, while the highest was just under $32 million. Given that the average cost per stolen record is $202, one missing laptop with 2,500 customer or employee records on it would come with a data breach recovery bill for a half a million dollars. And that doesn’t factor in loss of stock value, brand damage or customer defection that results from having your breach in the news.