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Written question asked by Stephen Timms (Labour) on Monday, 17 April 2023, in the House of Commons. It was due for an answer on Thursday, 20 April 2023 (named day). It was answered by Tom Tugendhat (Conservative) on Thursday, 20 April 2023 on behalf of the Home Office.

Business: Fraud

Question

To ask the Secretary of State for the Home Department, what steps she is taking with Cabinet colleagues to allow businesses to share data for the purpose of tackling fraud.

Answer

The Government is working with industry to close the vulnerabilities in systems, processes and businesses that are exploited by fraudsters and ensure they have the necessary tools to protect themselves from fraudsters. This is why the Home Office will shortly be publishing a new strategy to address the threat of fraud.

Reforms in the Economic Crime and Corporate Transparency Bill will also enable businesses to share information more easily for the purposes of preventing, investigating or detecting economic crime by disapplying civil liability for breaches of confidentiality for firms who share information to combat economic crime. This includes for the prevention of fraud. In parallel, reforms to GDPR via provisions in the Data Protection and Digital Identity Bill will provide a clearer legal basis for businesses sharing information for crime prevention purposes.

Secondary information

Type
Written question
Reference
180950
Session
2022-23
Subjects
Data protection Business Fraud Information sharing
Link
View this Written question on www.parliament.uk