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The Analysis News & Opinions


Greater deterrent needed to stop data thieves

Deliver a better customer experience

Last month Sindy Nagra, 42, from Hayes, sold almost 28,000 customers’ records for £5,000. She was fined £1,000, ordered to pay a £100 victim surcharge and £864.40 prosecution costs. The fines that courts are issuing at the

moment just do not do enough to discourage would-be data thieves. This fine highlights the limited options the

courts have. Ms Nagra got £5,000 in cash in return for stealing thousands of people’s information. She lost her job when she was caught, and has no money to pay a fine, and the courts have to reflect that. But we would like to see the courts

given more options: suspended sentences, community service, and even prison in the most serious cases. With so much concern about the security

of data, it is more important than ever that the courts have at their disposal more effective deterrent penalties than just fines. People who break the criminal law by

trading in other people’s personal information need to know that they will be severely punished and could even go to prison. We have been pushing for this for some

time. Parliament voted for it to happen more than seven years ago but it remains on a Westminster backburner. It is high time that changed. The records were bought by Iheanyi

Ihediwa, 39, from Manchester. He was fined a total of £1,000, ordered to pay prosecution costs of £864.40 and a victim surcharge. The court also made a destruction order


respect any data held by the defendant.

Christopher Graham Information commissioner

Modern technology systems can be used to increase business agility, by replacing inflexible solutions, as well as to cut time and costs by eliminating the need for third-party development, according to a senior industry professional. Speaking at a webinar last month, run by

Provenir and CCR Magazine, Willie Van Zyl, senior solutions analyst at Lewis Group, said that their new system delivered a better customer experience, with credit decisioning in 30 seconds and a simplified underwriting interface. It reduced risk and increased sales

opportunities by automatically evaluating existing customer performance monthly and could quickly and easily integrate with multiple databases, systems and credit bureaux. It also promoted business-IT collaboration with visual, easy-to-use configuration capabilities. He added that

the platform had

substantially cut the time required to implement and change decisioning policies.

“Provenir’s built-in repository and change management system makes entertaining such requests almost a pleasure,” he said. For example, it took less than half a day to

integrate a new SAS dataset and retrieve an indicator used to print a special promotional message on a customer’s


Previously, such a change would have taken more than a week and costs would have outweighed the benefit. l To listen in to a recording of the webinar, please go to path-to-painless-consumer-lending

Bankrupt director ban

A bankrupt director has been sentenced to 51 weeks imprisonment, suspended for two years, with a requirement to undertake 240 hours of unpaid work after pleading guilty to acting in the management of six companies whilst subject to a bankruptcy order and a bankruptcy restrictions undertaking. George Kenneth Ilko also pleaded guilty

to a number of fraud offences, amounting to £11,000, relating to the presentation of cheques and the unauthorised use of company bank accounts. Mr Ilko was further disqualified from acting as a director of a limited company for six years. Melody Rose Ilko, also from Cambridge,

was sentenced to an 18-month community order with a requirement to undertake 180 hours of unpaid work, for aiding and abetting her husband in relation to the Company Director Disqualification Act offences.

6 Mr Ilko was adjudged bankrupt for the

second time in November 2008, but the court heard that he took little heed of his bankruptcy restrictions. At all times, he was involved in the formation, promotion and management of six companies and presented himself to clients as if they were his. His wife willingly assisted him by acting as a formal director and providing her signature when necessary, despite playing no effective role in the companies. Mr Ilko kept the truth about his status

from other business partners and then used the companies for the purpose of solving his own personal financial problems. Ian West from the Department for

Business Innovation and Skills said: “We will take the necessary steps to ensure that those persons that commit company-related fraud will be investigated and prosecuted.”

February 2016

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