643 - Cyber security is more important than ever

October was CYBER SECURITY MONTH.

We are now heading into the highest identity theft period of the year.

It's Holiday Shopping Season.

Every year there are more costs incurred due to ID Theft:

Employees take time off work to handle multiple issues, including arrest, because of identity theft.

Ask any police officer about innocent people with bench warrants out for their arrest that they know nothing about.

In the US alone, here are the losses for Identity Theft over the past few years: $502.5 Billion 2019 $712.4 Billion 2020 $721.3 Billion 2021 2022 is exceeding all previous years!

ID Theft is NOT only financial. Financial and Credit-related IDTheft only account for about 17% of the issue.

Consider the 1.3 MILLION Children who were Victims!

I once met a woman who said her 2-year-old had bought a BMW in NYC. They found out while opening a savings account for her child.

She thought it was great news that the man was paying for the car, so her son had excellent credit. But if they don't do something about it now, her son could have a criminal record by the time he turns 18.

There are:

• Drivers License theft

• Criminal ID theft

• Social Security

• Employment Fraud

• MEDICAL which accounts for 55% of the growth

• Passport IDTheft

It doesn't cost a business anything to protect its employees, and it can save both time and money.

Are you proactive for your family and your employees?