KEEP FRAUDSTERS AT BAY WITH FREE FRAUD ALERTS
Equifax Portfolio Monitoring Service helps SMEs keep an eye on their own business – and their customers and suppliers
London 26th September 2005 – Corporate ID theft and fraud costs UK businesses an estimated £50 million per year and can hit SMEs particularly hard. That is why Equifax, the leading provider of anti-fraud services and ID verification solutions, is offering SMEs 12 months supply of corporate ID theft and fraud alerts, absolutely free. This vital service can warn a small business that information about their organisation has been changed without their knowledge and alert them to the possibility that their business is being cloned.
Wayne Davies, Business Product Development Manager at Equifax comments, “Many small businesses would be shocked to know how easy it is to change company documentation, names of directors and even trading addresses without their knowledge. The theft of company documents and information are becoming all too common and we are urging businesses, especially SMEs who are the most vulnerable financially, to take greater steps to protect their businesses now.
“The Equifax Portfolio Monitoring Service offers very real benefits for businesses, helping them quickly identify potential fraud and act quickly to stop it. With 12 months of free alerts, SMEs can not only monitor the information about their own business, but the accounts of key clients and partners, ensuring their business is protected at all times.”
The Equifax Portfolio Monitoring Service allows businesses to monitor a range of changes to the information about their own business and other businesses that may identify fraudulent activity.
A Portfolio Monitor alert will be triggered as new information is provided to Equifax, including a change to Registered Office, the apparent appointment of new directors, a credit limit change, CCJ information and insolvency orders.
All the information can be viewed on a daily basis and, because time is of the essence, an email alert service will inform subscribers of any changes within minutes of it being known to Equifax
Davies concludes, ““Information and data is more valuable than tangible goods and the effect fraud can have on a business is not only time consuming but could damage the business’s reputation and brand value. With 12 months of free alerts with Equifax Portfolio Monitoring, SMEs gain peace of mind, allowing them to concentrate on building sound business relationships.”
