 Bank accounts |
| Search News |
|
|
| Find an IFA |
|
|
| Browse |
|
| UK Spotlight |
A recent report by BDO Stoy Hayward has revealed that true extent of rising business fraud across the UK. The study has shown an alarming 74% rise over the last six months and signs that worse is...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
| |
|
|
|
|
Thursday 24th April 2008
Financial services firms have been urged to tighten up their security practices after a report uncovered a lax attitude to preventing identity theft.
A survey of security at 39 firms conducted by the Financial Services Authority (FSA) found that around half provided no training for staff over preventing the theft of customers' details.
In response, the FSA has called for banks and building societies to stop underestimating the threat of such security breaches.
Philip Robinson, director of financial crime and intelligence at the FSA, told BBC Online: "Despite increased public awareness of the impact that identity theft can have on customers, many firms are still not taking this risk seriously."
The report also showed that the FSA is taking an increasingly hard line on companies who do not take sufficient precautions to guard against identity theft.
Last year, 56 firms were investigated by the FSA in relation to the loss of customers' details.
|
→ Full Bank accounts News Archive
→ Return to Homepage |
|
|
|
| Other top stories in this section:
|
|
|
|
