Corporate ID Fraud

SMEs at Risk of Corporate ID Fraud

SMEs at Risk of Corporate ID Fraud

More than a fifth of small companies are leaving themselves exposed to corporate identity theft due to lax security procedures, financial insurance firm CPP has warned. A CPP survey of 500 small companies in February this year found that 22% said that they could be vulnerable to corporate identity theft due to lax security procedures, while 34% said they do not understand what corporate identity theft is.  Corporate ID fraud typically involves a fraudster changing company directors’ details or the registered office address by submitting false documents to Companies House, using information they have obtained about the business. CPP spokesman, Eoghan Hughes, said that firms’ susceptibility to corporate ID fraud is both due to the business failing to put secure systems in pl... »