Business ID theft soars amid COVID closures

Identity thieves who specialise in running up unauthorized lines of credit in the names of small businesses are having a field day with all of the closures and economic uncertainty wrought by the COVID-19 pandemic – a particularly aggressive business ID theft ring that’s spent years targeting small businesses across the country is now pivoting toward using that access for pandemic assistance loans and unemployment benefits.

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Ilia Kolochenko, Founder and CEO,  ImmuniWeb
July 29, 2020
Less sophisticated gangs may use black SEO or even lawful DMCA takedown requests to make legitimate websites disappear from Google.
The situation we observe at ImmuniWeb is largely exacerbated by SMBs' insecure websites. Frequently, fraudsters swiftly take control of outdated WordPress or Drupal websites, and modify phone numbers and email addresses listed there. Then it becomes virtually impossible to recognize the fraud for would-be lenders. Worse, such security incidents maybe later assigned to the victimized business owner ....
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