Companies House has suspended its online WebFiling service after a cyber vulnerability allowed users to access and potentially edit sensitive personal data belonging to other businesses registered on the UK’s corporate register.

The issue emerged after a security flaw in the government agency’s online dashboard allowed individuals to navigate into the accounts of other companies simply by pressing the browser’s back button. According to reports, the glitch could expose confidential information including directors’ home addresses, email addresses and dates of birth – data that could potentially be exploited for fraud or identity theft.

The vulnerability was identified by Dan Neidle, founder of Tax Policy Associates, who alerted Companies House to the issue on Friday. Neidle warned that the flaw could have serious implications if it had existed for a prolonged period before being detected.

“This could be very serious if it’s been around for a long time,” he said, describing the vulnerability as “an absolutely insane flaw in how easy it is to find.”

Following the alert, Companies House confirmed it had shut down the WebFiling system while an investigation takes place. The platform is widely used by businesses across the UK to submit official documents such as annual accounts, confirmation statements and other statutory filings.

A spokesperson for Companies House said: “We are aware of an issue with our WebFiling service and have closed it while we investigate. We apologise for any inconvenience to our customers.”

The temporary suspension of the service is likely to disrupt routine company filings while technical teams assess the scale of the problem and determine whether any data was accessed improperly.

Cybersecurity experts say vulnerabilities of this nature could create opportunities for criminal activity, particularly where sensitive corporate information is involved. Personal data such as directors’ home addresses and dates of birth can be used by fraudsters to impersonate business leaders, submit fraudulent filings or attempt identity theft.

Graeme Stewart, head of public sector at cybersecurity firm Check Point Software, warned the flaw could have exposed company directors to significant risk if exploited by malicious actors.

“This is the latest in a series of public sector data disasters that threatens the privacy, security and personal safety of hundreds of thousands of company directors,” he said.

“A bug of this scale is a gift to cybercriminals seeking to upload false documentation, impersonate CEOs and facilitate data theft. It’s time for a complete overhaul of core systems, with security built in from the outset rather than added as an afterthought.”

The incident has also raised concerns about the resilience of digital systems used by government agencies to manage critical national data. Companies House maintains records for more than five million UK companies and processes millions of filings every year.

Kenny MacAulay, chief executive of accounting software platform Acting Office, said the vulnerability highlighted deeper issues around digital security and system oversight.

“Another day, another massive public sector data blunder,” he said. “It defies belief that hackers can so easily gain access to seemingly the entire dashboard of tens of thousands of companies and their respective directors across the UK.

“Basic compliance requirements should be in place to prevent data leakage like this from happening, with sites thoroughly checked for bugs and security weaknesses on a regular basis.”

Under the UK’s Computer Misuse Act 1990, gaining unauthorised access to computer systems or data can carry serious legal consequences. Accessing computer material without permission can lead to a prison sentence of up to two years, while accessing data with intent to commit further crimes such as fraud can carry penalties of up to five years.

The discovery of the flaw comes amid increasing scrutiny of the UK’s corporate registry system. Companies House has undergone significant reforms in recent years aimed at improving transparency and reducing fraud, including the introduction of new identity verification rules for company directors.

However, cybersecurity specialists say the latest incident underlines the need for continued investment in secure digital infrastructure, particularly for systems that hold sensitive personal and corporate data.

Companies House has not yet confirmed how long the vulnerability existed or whether any data was accessed or misused before the service was taken offline. Investigations into the breach are ongoing, and the agency is expected to provide further updates once the review is complete.

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Shares of Vodafone Idea (Vi) jumped more than 5% on Monday after The Economic Times reported that Singapore-based ST Telemedia and India’s JSW Group, among a few other domestic and global investors, are in talks with the telecom giant for a potential stake acquisition.

The talks are currently exploratory, and there is no certainty they will result in a deal, people familiar with the matter told ET. The renewed investor interest in the loss-making company comes after it received substantial financial relief earlier this year from the government, which is also its largest shareholder.

IDBI Bank shares tumble 15% as govt likely to halt divestment process: Here’s why

“There are a few serious suitors for the company, and simultaneous talks are going on with them,” one of the people close to the matter said. The company’s management is scheduled to meet institutional investors in Singapore and Hong Kong on March 16 and 17.

The government, which holds nearly 49% stake in Vodafone Idea, has been looking for a strategic investor who could put in capital and run the telecom company. The Aditya Birla Group and the UK’s Vodafone Group Plc are its promoters. “As of now, it is not decided if the promoters would sell their stake, or it would be a fresh issuance of equity,” said another person familiar with the matter.

According to estimates by IIFL Securities, if a strategic investor infuses Rs 50,000 crore fresh equity in Vi, the government could convert Rs 48,000 crore of the company’s spectrum liability into equity without increasing its stake beyond 49%. It would also bring down Vi’s spectrum liability by 40%.
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Earlier this year, Vodafone Idea received a 10-year relaxation on the bulk of its adjusted gross revenue (AGR) liabilities, providing major cash-flow relief to the debt-laden telecom operator. The Department of Telecommunications (DoT) froze the company’s AGR dues and allowed staggered repayments spread over 16 years until 2041.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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The ongoing debate between public sector banks (PSUs) and private sector banks remains a hot topic amid shifting valuations and evolving credit trends. Nitin Aggarwal, from MOFSL, shared his perspective on the sector’s performance and what investors should watch in FY27.

Despite macroeconomic uncertainty, banking earnings are showing resilience. Aggarwal said in an interview to ET Now, “Banking earnings still look decent. Margins had declined over the past year, but with credit growth gaining traction and asset quality holding up, earnings are recovering. Stock performance will depend on investor sentiment and news flow, but we maintain a positive view on valuations relative to earnings outlook.”

PSUs, after years of losing ground, have started regaining market share. “Over FY25 and FY26, PSUs have marginally gained share. Most PSUs are now comfortable deploying liquidity and tolerating some mismatch between loans and deposits. Large PSU banks like SBI are targeting 13% to 15% loan growth, which supports their market share gains and improved earnings profile,” Aggarwal explained. This improved earnings profile and capitalization position PSUs well for the next two years.

At the same time, private banks continue to offer compelling investment opportunities. “Certain private banks were impacted by the unsecured cycle, but as credit growth picks up across retail, corporate, and SME segments, private banks will gain traction. Axis, ICICI, and HDFC are likely to report stronger growth over FY27 and beyond, supporting the case for private banks,” he said. Larger private banks are likely to see strong growth, supported by easing focus on regulatory ratios and an improving credit cycle.

Aggarwal also highlighted the strong asset quality among PSUs. “Asset quality is under control. Many PSU banks now report benign credit costs, with provisioning coverage higher than private banks. Recoveries continue and incremental slippages are manageable, keeping credit costs within control in FY27,” he noted.

Among private banks, larger institutions like ICICI and HDFC remain the preferred picks, with AU Bank favored among mid-sized banks. “Our preference is for larger private banks like ICICI and HDFC. ICICI could see 15-16% growth in FY27, while HDFC Bank expects growth ahead of the industry. Among mid-sized banks, AU Bank remains attractive,” Aggarwal added.
Non-banking financial companies (NBFCs) are being approached selectively. “We will play NBFCs for growth. Margin expansion may be limited, but vehicle financers like Shriram Finance remain attractive. Bajaj Finance has corrected, and given improving credit outlook, we may turn more positive in FY27,” he said. Competition across lending markets remains intense, keeping yields range-bound. “The lending market is very competitive. Yields will remain range-bound as banks cannot easily cut deposit rates. Margins may expand modestly, but FY27 should be better than FY26,” Aggarwal explained.

Smaller banks focused on microfinance (MFI) and MSME lending are also showing signs of normalization. “We recently upgraded Bandhan Bank after five years, expecting MFI delinquencies and credit costs to normalize. RBL Bank also has potential for industry-leading growth, though execution remains key,” he noted.

Overall, the banking sector appears poised for selective growth. PSUs are regaining market share, large private banks look set for strong credit growth, and NBFCs remain selective plays. With asset quality and margins stable, well-capitalized institutions present attractive opportunities for investors as FY27 unfolds.