Fears over employer responses to ID fraud threat
Tue, 13 Oct 2009
Businesses are failing to take proper IT security precautions and are continuing to put their customers' identities at risk, new research indicates.
According to the National Fraud Authority, 97 per cent of employees lack confidence that their employers are properly protecting sensitive information.
Indeed, the report shows that 71 per cent of employees think the organisations they work for could do more to protect against identity fraud.
Commenting on the findings, National Identity Fraud Prevention Week spokesperson Tyron Hill said businesses need "to do more" to convince their employees that they are handling data responsibly.
He added: "For example, it is shocking that nearly two in five employees still do not have access to shredders at work with which to destroy sensitive information.
"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, which can directly affect a business' bottom line."
With the right resources, businesses and consumers can work together to ensure identities stay protected, Mr Hill suggested.
Last week, Yuval Ben-Itzhak, chief technology officer at Finjan, claimed internet fraud is an ongoing challenge for the UK banking sector.
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