The NIFP National Identity Fraud Prevention has warned that recent data shows small businesses are not doing enough to protect client’s confidential information.
Over a third of staff throw away sensitive and confidential records instead of disposing them correctly by shredding vital documents.
The UK has the highest figure in Europe, with over 70% of employees stating that their companies could do more to protect client information.
Identify fraud costs the UK over £1bn each year, which in turn affects the overall growth of the economy.
Over half of all businesses fear the effect that fraud can have on their business, by losing valuable information.
The fact remains that almost two in five employees do not have access to a shredder at work, to destroy sensitive information.
