Mail fraud theft is a very common crime that many people are not familiar with. This makes such scams one of the biggest threats to businesses and government agencies today.
Most mail fraud rackets involve the use of paper documents with false information on them. An example of this could be a credit or loan application with a fake name and address on it. Another popular scam is a fake invoice that is sent to accounts payable or any other department at the company. The crook is hoping that the company will pay the invoice even though he is not a legitimate supplier.
Every organization needs to on alert for mail fraud theft because the practice is on the rise all over the world, particularly in advanced nations such as the United States, No Identity Theft reported. Many of the new scams involve the actual theft of physical mail.
The Mail Could Be the Biggest Hole in Your Security
One reason why mail theft is a growing problem is that most people underestimate the risk. They do not realize that most identity and data theft still occurs the traditional way: from paper documents.
Paper documents are most vulnerable to theft when they are in the mail. For example, letters that are sitting on a desk waiting for pickup can easily be taken. Nobody will complain or ask questions when mail is gone because they assume the letter carrier picked it up.
Stealing a piece of paper is easy; all a thief has to do is simply stuff it in his pocket. Thieves can also break into mailboxes or sneak into the mailroom to steal correspondence directly from a company.
Another danger is posed by mobile phones, most of which have cameras on them. All a thief needs to do to get his hands on important data is to snap a picture of a letter.
Mail Fraud Theft and Identity Theft
The greatest danger from mail fraud theft is that a fraudster could use it to steal your company’s identity. Once a criminal learns a company’s address and the names of executives, she could apply for a credit card in the business’s name for example.
A thief could also steal a credit card application from a company’s mail and fill it out in order to get a card sent to him. A bad guy with a company’s information could also apply for lines of credit or even order merchandise in the company’s name.
This means every organization needs to take steps to safeguard its identity and the identities of its employees. The best way to do this is to learn as much as you can about identity theft.
One of the best sources of information about the subject today is No Identity Theft. This helpful website contains reviews of the latest identity theft protection products and updates on identity theft to help you and your people stay alert for the latest threats.
In today’s world, no organization can afford to neglect the security of its mail. You never know what could be coming in the mail or who could be helping themselves to your correspondence.