Recent news about hacking and identity theft has become the worry of every new business. Running a business is a challenge enough. When you add the hacking scare to the mix, it becomes even more complicated.

Thankfully there are quite a few steps you can take to protect your new business from such dangerous issues. Let’s take a look at a few:

When you get rid of tax records, make sure you use a shredder

Based on the recommendations, we request you to keep a record of your tax returns of three years at least. When you decide on getting rid of the old ones, it is suggested that you use a shredder. If you have electronic files, make sure you get rid of them everywhere. However, please note that deleted files are still present in the hard drive of the computer and can be retrieved. Make sure you seek professional help in removing these files, thus, before selling or disposing the electronic. Always keep your tax records in a safe location, preferably your home.

Don’t fall prey to phishing scams

There are many emails that claim to be from the government or from other bodies. They ask for personal information and other details. Make note that all these are fraudulent. Always be doubly sure about the authenticity of a mail before downloading its contents or opening any link provided. Also, if personal information is being asked, make sure you call them first and confirm that it is a genuine request.

Keep track of your credit report

Check your credit score every year without missing it. If something is off, you can report it immediately. If you ignore tracking it, it may be too late and you’ll realize that you were robbed in a harsh manner. Remember to check the credit score only from the authorized website and not from any website that promises to give you authentic results.

Be very careful about your electronic information

We are all using the Internet for various things today including filing taxes and paying bills. If you do the same, it is recommended that you have security software installed on all your devices along with passwords and firewalls. Do not use public Wi-Fi and public computer unless absolutely necessary.

The moment you think your new business has fallen victim to identity theft, we advise you to report it. The more you wait, the worse it can get.

Entrepreneurial Learning

Business planning requires preventive measures such as avoiding theft and hacking. These can ruin your business as well as your personal life, which is why having preventive measures in your business startup tool kit is an absolute must.

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