Flint Bishop

Business at greater risk of identity fraud say Midlands based firm Haines Watts

Pictured above: Henry Briggs

 

Businesses are still not taking identity fraud and theft seriously enough and in many instances, customers' identities are being put at risk according to a Birmingham accountant.

The comments from Henry Briggs at the Birmingham office of Haines Watts, follow the release of annual figures which show that in 2009, there was a 35% increase in the number of victims of impersonation - and a 15% increase in the number of victims of bank account takeovers.

The latest statistics reinforce a study by the National Fraud Authority undertaken in conjunction with paper shredder company Fellowes which revealed that 97% of employees are not confident that their bosses do enough to safeguard against identity fraud.

"This is despite the fact that figures from the Authority show that nearly half of all business - 43% - fear the effect fraud can have on their company reputation," said Mr Briggs.

"It seems that in 2009, fraud was the one growth business. Criminal takings from fraud did not suffer during recession - but it had a profound impact on their victims. Latest statistics reveal that in the UK, there were 85,000 victims of impersonation and 24,000 victims of bank account takeovers."

It is estimated that the average identity theft in the UK cost the victim £2,100.

For more information on Haines Watts, view their website here: www.hwca.com

 

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Article published by Midlands Business News on 28 April, 2010

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