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Employers can help prevent identify theft by protecting employees before the theft occurs. Identity theft protection is an especially important benefit for employers to provide at this time. Not only can it help to protect sensitive employee and company data, it can also help preserve the reputation of both the employee and employer.
Over 40% of Ayco’s corporate partners provide identify theft protection as a voluntary benefit. Many also provide ID protection discounts through their Employee Assistance Programs. Some of the more common providers in this space are InfoArmor/Allstate Identity Protection, LifeLock and ID Watchdog.
When evaluating an identity theft protection provider, check if their services include these key features:
With cyber threats on the rise, it is important to keep employees informed of the potential risks to themselves and the company. Regular communications can help employees stay aware of the latest scams, phishing schemes and fraudulent websites.
For more information, please review Goldman Sachs’ Cybersecurity – Personal Guidance 2020.
For disclosures relating to this article, please click here.
Insights from Ayco InnerCircle 2021
By Brandon Ross