On Thursday, January 26, 2012, Colorado Secretary of State Scott Gessler began allowing business owners and filers to password protect their filings to help safeguard against business identity theft. As business filers incorporate in Colorado or file their annual reports online, they will now have the option to create their own password to prevent unauthorized changes to their records.
According to the press release, the state first uncovered business identity theft in 2010, when identity thieves targeted businesses by illegally manipulating data on secretaries of state websites. After hijacking business identities, they took out credit using the company’s good name, forcing businesses to rebuild their credit history.
Implementation of the system follows the passage of HB 11-1095 last year, which allowed the Secretary of State’s office to implement a password protected business filing system.
Current business filers can now add password protection to their filings by going to their business’ summary page and clicking “Set Up Secure Business Filing.” From there, simply request a PIN that will be mailed to the address already on file. New businesses registering can set up a password as part of their registration. Click here for more information.