News | Legal News

16 June 2017

Company directors ‘at higher risk of ID fraud’

Company directors have been warned to protect themselves against the growing threat of identity fraudsters.

These directors make up close to one in five victims of ID fraud, a study from Cifas and LexisNexis Risk Solutions shows.

While company directors account for less than 9% of the overall UK population, they are said to account for almost 19% of ID fraud cases.

Elsewhere, it was found that 28% of director-level fraud victims are in their thirties.

Younger people may be more at risk due to their larger "digital footprint", the report indicated.

Barbara Judge, chair of fraud prevention service Cifas, said: "There will always be more publicly available information about you if you run your own business compared to other individuals.

"I however would encourage company directors to do as much as possible to separate their personal and company personas.  Limit the personal information you share on social media and professional networking sites, and proactively check your credit file and your accounts." 

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