What Is Business Identity Theft?

Business identity theft occurs when criminals impersonate a legitimate company for financial gain. This may involve:

  • Filing fraudulent documents with the Secretary of State
  • Using a company’s good credit to secure loans or lines of credit
  • Hijacking state business registrations to change ownership or officer details
  • Opening vendor or supplier accounts under the company’s name

Business identity theft occurs when criminals impersonate a legitimate company for financial gain. This may involve:

Hacker phishing a credit card from a smartphone screen.

Why the NASS White Paper Matters

This white paper provides actionable insights for businesses of all sizes. By following its guidance, companies can:

  • Protect their credit profile
  • Prevent fraudulent financial losses
  • Maintain trust with vendors, banks, and customers
  • Stay compliant with state-level reporting

Nass Business Identity Theft Tool Kit July 2011

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