Company directors at risk of deceased identity fraud
Friday, May 10, 2019
New research reveals that company directors in the UK are particularly vulnerable when it comes to identity fraud. This is because fraudsters can use the wealth of information published by Companies House to steal their identity and commit fraud. A staggering 10,000 complaints were made to the organisation last year about the lack of data security.
Under Section 163 of the Companies Act 2006, directors are required to provide the following personal information:
- Full name and any former names
- Date of birth
This information is all published on the Companies House register, which is available online. Historical information such as former addresses can also be obtained on the Companies House website. The fact that historic data remains public means that not only are directors at risk of traditional identify fraud, they are also at risk of having their personal information stolen when they have passed away. Unfortunately when you die, your data doesn’t die with you. CIFAS estimates that directors are twice as likely to be victims of fraud. This applies to deceased identity fraud too as their information is so easily found.
This is why it is crucial that businesses put measures into place to protect vulnerable groups, such as company directors, who can become victims of crime even after their death.
For further information on deceased identity fraud please don’t hesitate to contact us on 01274 53 88 21