Companies need to invest more in IT to combat identity fraud, says study

19:45 27th November 2008

The IT and business research company RMT has revealed that small businesses must invest more in IT.

The call comes in light of research by the company which shows over 40 per cent of small businesses within the UK have fallen victim to cyber-crime.

RMT highlighted the figures at the Business Continuity and Risk Management Summit at Northumbria University, which they hosted yesterday (November 26th), reports nebusiness.co.uk.

A spokesperson for RMT emphasised to the website the importance of tackling IT vulnerability particularly in the current economic climate: "This is a major issue that impacts on business every day and in the current economic climate is another threat to the sustainability of business in our region."

The spokesperson added that smaller businesses were particularly vulnerable to security breaches and should look to the IT industry to acquire the expertise to make their data systems more secure.

RMT research also found that 90% of consumers believe that sensitive personal data held by companies is not adequately protected from malicious fraudsters.