Colorado lawmakers passed the “Combating Business Identity Theft Act” taking a tougher stand against this fraud by organizing a system between the Secretary of State and Attorney General to track and investigate complaints. COLORADO SPRINGS — Here in Colorado the Secretary of State and Attorney General’s Office are teaming up to take a tougher stance against business identity theft going on in our state. A new state law has set requirements in place to track complaints, providing extra protection for consumers and small business owners. When somebody registers a business with the State of Colorado using someone else’s address, personal information, or modifies existing information for a business without permission, it’s business identity theft. It’s happening often enough in Colorado that lawmakers recently passed a bill signed into law by the governor establishing a complaint process to help investigate this fraud that can ruin someone’s credit and even shut down a business. ”So essentially taking the identity of that business and molding it into something else that is fraudulent,” said Adah Rodriguez of the Better Business Bureau of Southern Colorado when asked to define the problem. She says small businesses in the Pikes Peak Region are often targeted by […]