Academic journal article Manager

Preventing Business Fraud

Academic journal article Manager

Preventing Business Fraud

Article excerpt

Shred Easy, a confidential data destruction company, is urging businesses to step up their security during the recession to avoid instances of corporate identity fraud.

A recent survey by the Association of Chief Police Officers revealed that £20 billion is lost through weaknesses exploited in information security. Companies House has highlighted the fact that between fifty and one hundred cases of corporate identity fraud, occur every month.

Jim Watson, managing director of Shred Easy said, "Businesses are risking millions by having no confidential data policy in place. Fraud against businesses is rising and will continue to do so during the recession. Companies which protect themselves now, will weather the storm of this increase in fraud. Creating or updating a confidential data policy must be a priority for businesses as we move deeper into recession." He continues, "If s not just confidential paper documents that need to be securely destroyed, but computer hardware such as disk drives and data sticks. With little knowledge or effort, a fraudster can change the registered office of the business, trading address and even names of directors. Companies with a good trading record are then vulnerable if orders for expensive goods are placed and not paid forf

Shred Easy has produced ten top tips to help prevent business fraud.


Ten top tips to prevent business fraud

1 Create a confidential data policy. Without one already in place, you are in the high-risk category for being a victim of data theft

2 Store data safely. …

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