Benefit Consulting

A rise in identity theft is presenting employers with a major headache: They are being held liable for identity theft that occurs in the workplace.

Unfortunately for employers, personal data, such as social security and bank account numbers, is precisely what is contained in HR personnel files, a goldmine for ID thieves.

Consequently, employers are now facing considerable legal repercussions as the victims of such crimes are looking for restitution. Employers, however, can protect their employees and minimize the risk of theft and liability by offering a comprehensive identity theft monitoring and restoration program as an employee benefit.

This can benefit an employer in at least two MAJOR ways:

Credit Monitoring acts as a Potential Early Warning System. If a number of your employees get notified of improper usage of their identities, this may act as an early warning system to your company of a possible internal breach.

A plan with Full Identity Restoration, means the majority of the time in restoring an employee’s identity is covered by the plan and not done on company time and/or company expense.

iTAG continually evaluates and scrutinizes the marketplace for the most comprehensive programs available.

Identity theft services emerge as a new employee benefit

By Kathy Gurchiek as published in HR Magazine

“While identity theft services cut down on lost productivity and give employees peace of mind, using a provider to handle employees’ identity theft also means increased retention and can mitigate the risk and impact of class-action lawsuits if the security breach was work-related…”