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Identity fraud not taken seriously

Oct 12 2009

Customers’ identities are being put at risk as businesses are failing to prevent against fraud, says a new report.

Some 97 per cent of employees are not confident that their employers do enough to safeguard against the crime, according to a survey by paper shredder company Fellowes and the National Fraud Authority,

Tyron Hill, an advisor at the National Fraud Authority, says: ‘Today’s customers are more vigilant and informed when making decisions – businesses that are seen to do more to protect data are at a competitive advantage over those that aren’t.’

Figures from the National Fraud Authority show that nearly half of all businesses (43 per cent) fear the effect fraud can have on their reputations.

For more information on how to prevent identity fraud go to the National Identity Fraud Prevention Week website.

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