Clark has a special warning to share for small business owners. As a business owner, in a recession, it is not uncommon to have internal employee theft, fraud, forgery, embezzlement and more.

Business owners face an added burden when it comes to certain kinds of ID theft. Under the Uniform Commercial Code, they may be held partly or totally responsible if their own credit card or business checking account number is used for phony charges. So it's imperative to keep your check book locked up at the office if you're a business owner.

Additional threats include billing fraud and skimming. The latter involves free product being given away, or someone not ringing up cash sales on the register. Clark suggests using WiLife.com for an affordable camera system that can help you monitor register sales.