British firms warned of identity fraud

National Fraud Prevention Week began in the UK today, alerting British firms to the dangers that they, their customers, partners and suppliers face in regards to ID fraud.

New research commissioned by the National Fraud Authority has revealed that a third of small firms have been hit by ID fraud, and that just three per cent of consumers feel confident that the companies they deal with handle their details securely.

Around 71 per cent of UK employees believe that their companies should do more to ensure that confidential documents are handled responsibly, despite the well-known risks of financial loss and reputation damage.

According to the research, only two-thirds of firms have put in place a clear policy on how to handle sensitive documents, while around a third of employees admit to throwing these documents straight into the bin.

National Identity Fraud Prevention Week partners, including the Metropolitan Police, the Federation for Small Business and CIFAS, have published a designed to give businesses advice on data protection and how to deal with a breach.

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