News from the National Fraud Authority (NFA) hit the headlines over the last week, highlighting that two million people fall victim to identity fraud annually.
And it's not just consumers that are being targeted - the NFA also estimated that businesses lost £800m-a-year due to the expense of trying to combat identity fraud.
Businesses in Northern Ireland should know by now that identity theft is not a new trend. A number of studies over the last 12 months have reported that identity fraud is on the up.
However, these latest findings by the NFA suggest that not enough is being done to successfully mitigate the risks and protect personal and corporate data.
Businesses of all sizes need to take steps now to better protect themselves against the dangers of both outsider and insider threats.
Security solutions are important when it comes to protecting individual laptops, USB sticks or mobile phones, but one of the most fundamental issues to be addressed is company policy.
It is essential that businesses realise the importance of taking responsibility for online security in order to effectively mitigate the risks that are out there.