Identity fraud is a serious business with over 15 million victims a year and financial losses totalling upwards of $50 billion. For years fraudsters have been upping their game and are now catching out even the savviest of businesses.
Obtaining signed credit applications, purchase orders and proof of delivery is not always enough to safeguard against falling victim.
We recommend making the following additional checks:
Ensure the business is trading at the address Check the director is registered on companies house or at the address provided Ask for extra ID like a passport, driving license and/or utility bill