Opinion: Fraud Relies on Data
DATA PROTECTION—UKAugust 31, 2011
"Data is the fuel fraud needs to survive," opines London Police Commissioner Adrian Leppard for The Telegraph. Leppard points to a recent crime in which fraudsters targeted pensioners to illustrate the changing nature of fraud. "In this way, personal information--in this instance, a list of people...is a valuable, tradable commodity." Businesses storing large caches of data, therefore, are becoming a major battleground. "While individuals focus on shredding old utility bills and protecting their PINS, the reality is that businesses are a far greater source of data," he says, adding that a business's reputation for safeguarding customer data is now imperative.