Posted: Fri, April 13, 2007
Event will ensure Welsh business does not become fuel for fraud
by Sali Earls
A business lunch is taking place in Swansea next week, where business leaders will find out how they can prevent their personal and business data becoming fuel for internet fraud.
According to the Home Office, UK businesses lost almost £2 billion to ID fraud in 2006, and individuals often suffer the loss of thousands of pounds before the fraud is noticed.
The lunch event, organised by ITWales, will pick up on the issue which was raised at the recent eCrime Summit at the Celtic Manor Resort in
March. In one of the most thought provoking
presentations of the day, security expert Richard Hollis told delegates that ID fraud continues to be a growing crime, because your identity is "where the money is". Richard Hollis will now speak at the
ITWales ID Fraud lunch to ensure local businesses are informed about what is now the fastest growing crime on the internet.
As ID fraud continues to grow, with online banking fraud alone increasing by 8,000% in just 2 years, the basic methods of sourcing information, such as bin raiding and wallet theft, have been
superseded by hi tech means. New techniques employed by criminals include phishing - accessing personal information on unsecured websites; and the theft of stored data by unauthorised internal or
external access.
Richard Hollis is founder and CEO of Orthus, a UK security consultancy. Hollis is a seasoned IT security professional with over 20 years
industry experience, having designed comprehensive IT security, business continuity and disaster recovery programmes for companies throughout Europe.
Lee Fisher, Partner at Morgan Cole Solicitors, and a member of the eCrime Wales Partnership Initiative, will also speak at the event.
Morgan Cole advises a diverse range of public and private sector organisations on an array of legal issues, and seeks to help clients minimise the opportunity for e-criminals, and control damage should a
security breach occur.
Chris Williams, event organiser at ITWales, said, "Businesses have a key role to play in the prevention and detection of ID fraud and must be aware of the steps they can take to ensure they protect
themselves and their customers from becoming one of the thousands of victims. This lunch, with our expert speakers, will go some way to preparing local businesses, after all forewarned is
forearmed."
ITWales, which is part financed by the European Social Fund, provides practical, accessible support to Welsh business by brokering collaboration between academics and industrial partners.
Headquartered at Swansea University, with a satellite office at University of Wales, Bangor, ITWales is the business and community programme of the Computer Science departments, and provides
business links through an online magazine, and proactive Business Club, bringing the latest IT information and business opportunities to companies in Wales via conferences, seminars, workshops and
other events.
The ITWales ID Fraud Business Lunch takes place at 12.15pm on Thursday 19 April at the Liberty Stadium in Swansea. The lunch is free to attend, but places are strictly limited so advanced
booking is essential.
To book your place call Claire at ITWales now on 01792 513382, or email info@itwales.com. Alternatively book online at
www.itwales.com/997648.htm.
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Cymraeg
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