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AIA

Digita's Sentinel keeps watch on Companies House records

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17th Jan 2006
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To counteract the threat of fraudsters hijacking your company identity through unauthorised submissions to Company House, tax and accountancy software house Digita has added a Sentinel monitoring module to its CoSec Pro company secretarial package.

There are few practical barriers to prevent criminals from hijack the identities of legitimate companies by making fraudulent entries on their Companies House registration details.

Digita's CoSec Pro product manager Ian Manson said the Sentinel module builds on the existing Public Record Checker, to cross checks users' records against Companies House data and immediately alert them whenever a form relating to one of their companies is added to the public record.

After several cases of corporate identity theft were reported last year, Companies House introduced an optional, password-controlled service called PROOF to give filers a higher degree of protection. Manson explained that the Digita system was configured to work in tandem with PROOF.

'Corporate identity theft plays the numbers game," he continued. "Fraudsters have relied on the fact that the odds of a change to the public record being picked up quickly have been very low, giving them time to commit their crime and vanish. Now however, the likelihood that the police will be aware of an attempted fraud at a very early stage is set to increase."

For more information, see Digita's press release in AccountingWEB's PressZone.

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