Companies try to do all they can to prevent employee identity theft in the workplace. However, it can happen and cause damage to the firm's reputation and finances. There are several solutions that businesses, especially alternative finance
firms, can use to avoid the unfortunate situation.
According to WAVE-TV, a man in Lousiville, Kentucky, was arrested and charged with stealing employee information from his workplace and using their data to order items off of the internet. Investigators allege that Andre Halsell would order electronic devices, such as iPads, iPods and computers, and then wait outside of the victims' homes for the items to be delivered. Authorities say Halsell worked for a cleaning company for a financial institution and was able to obtain the employee's information by looking up their data, states the news source. Employee identity theft poses a threat to businesses, as valuable and confidential information can be compromised. This can lead to large financial losses for employees, as well as damaging their credit scores. Companies looking for a solution can utilize Microbilt's identity verification and fraud protection products. Managers can decrease the risk of theft by securely storing and verifying employee information with Microbilt's custom-built tools.