In the past, thieves stole a person's identity mostly by snatching a wallet, intercepting mail or digging through garbage to find identifying data. Not anymore. Now, the top source of identity fraud results from the theft or misuse of employer records, according to a recent report by credit-information provider TransUnion.
How do they do it? Often, it's an inside job by disgruntled workers or temps who gain access to employee Social Security numbers, addresses and financial records. Sometimes, identity thieves work for third-party vendors that handle corporate credit accounts or other services. Sometimes, it's as simple as a janitorial worker taking a lunch receipt from the worker's wastebasket.
Victimized workers sue employers
As you can expect, employees seek legal action when their identity is ripped off and traced back to their employers' lax records security.
But could your company be liable in a case of wo...(register to read more)