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I’m asking for greater protection for company directors against fraud

July 18, 2017

Cybercrime and online fraud are on the increase but recent figures suggest that company directors are twice as likely to become the victims of identity theft as

members of the general public.

Cifas, the organisation that operates the National Fraud Database has highlighted the fact that a great deal of personal information about company directors is available via the Companies House register, leaving directors vulnerable.

Responding to a report in the Financial Times last month, Companies House stated that they were working with the Department for Business, Energy and Industrial Strategy to review the availability of personal information on the register.

Identity fraud is said to cost around £5.4bn a year according to research undertaken by Portsmouth University.

The Deputy PCC, Sue Arnold, has today written to the Right Hon Greg Clark, the minister responsible, asking for an urgent update.

‘There were 173,000 recorded cases of identity fraud in the UK last year. Cybercriminals and online fraudsters are becoming increasingly sophisticated but it’s clear that Companies House has failed to move with the times. Here in Staffordshire, we are working with our partners to reduce the levels of online crime but we need to be assured that the government is doing all it can to reduce the number of incidents.’

The PCC is leading a coalition of partners from businesses, banks, law enforcement and public safety agencies who are sharing their expertise in a concerted effort to protect residents and businesses from all forms of online fraud.

‘Online fraud often targets the vulnerable but we all need to be vigilant to prevent what can be a costly and deeply upsetting form of crime.’

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