What is corporate identity fraud?
Corporate identity fraud occurs 'when a false corporate identity or another company's identity details are used to support unlawful activity.' This can be anything from stealing a corporate logo to setting up a false website. At its extreme it can involve massive theft, such as selling property or even assuming the identity of a major corporation. In such cases there can be substantial damage, not just to partners who deal with the company, but to the company's most valuable asset – its brand. As Companies House notes, you'll only need to lose your company once. Learn more about how companies are tackling fraudsters and stay up-to-date on news related to corporate identity fraud by visiting our Hot Topics blog.
What is personal identity fraud?
Identity fraud occurs to an individual when a person's personal information is used by someone else without their knowledge to obtain credit, goods or other services fraudulently. It can even extend to securing a passport in their name. In the UK alone there are 4.3 million victims of identity fraud to date. As such, it is important that you understand how fraudsters can get their hands on your information so you can take steps to protect yourself and your family. You can quickly assess how much you are at risk of identity fraud by taking the online risk assessment test.