Our world continues to be a wireless haven. With a smartphone in hand, anyone can quickly make a phone call, look up directions to a location, and pay a bill within minutes. But with the rise of electronic payments, credit cards, and online shopping we have also seen a rising trend of cybercrime and identity theft.
It can seem like such a nebulous concept until it happens to you. We are sure that at this point many of you have received a phone call from your bank informing you that they believe that odd charges are coming up on your account. For many, they just dispute the charges and never see any lasting consequences. But what damage can someone truly do with identity theft? One of the largest lasting effects can be on your credit. If someone takes a credit card out in your name and starts using it, those charges get left unpaid, and it can tank your credit. When it comes time for you to open another credit card, get a loan or open an account at a local utility company your credit is taken into consideration. Have a bad credit score can end up costing you a lot in the long run.
With cyber crime, individuals will create code that will overwhelm a website, and it will crash. With a company’s website down, the company can lose anywhere from thousands to millions of dollars while the website it down. It can also disrupt workflow if the company uses its website to complete daily tasks. Regardless of the reasons behind identity theft and cyber crime, we at Documedia are doing everything we can to ensure that all of your financial and secure documents stay safe. We have MICR printing, modulus numbering and many other forms of security ready for any of your financial forms.