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Corporate Identity Fraud is the fraudulent and deliberate misrepresentation of a company’s identity and costs UK businesses millions of pounds every year. Applying for credit cards in the name of a company or ordering goods or services on a company’s account are the most common types.
Companies and directors can fall victim to identity fraud as criminals seek to impersonate the company.
Identity theft has grown as Individuals are increasingly publishing their personal and corporate identity details on company’s websites, LinkedIn, Facebook, etc.. Fraudsters now use social media to obtain information commonly used to verify identities.
Some do’s and don’ts
For further information on Corporate Identity Fraud go to the UK national reporting centre for fraud at www.actionfraud.police.uk.