Source: National Cyber Security – Produced By Gregory Evans
OUR love of online shopping and social media is making Australians unwitting pawns in the global fraud marketplace. That’s just one of the findings of recent research by credit analysts Veda in time for National Identity Fraud Awareness Week, which runs from 11-17 October. Veda’s study dished up some disturbing statistics. In particular, fraudulent credit applications involving identity theft have soared 59% in the past two years in Australia alone. If you’re not familiar with the term, identity theft involves pretending to be someone else in order to access their bank accounts, use their credit card details to make purchases or take out loans in the victim’s name. Crims can assume your identity in a variety of ways, from simple means like stealing mail or rummaging through garbage for bank statements. Or with more sophisticated measures such as skimming debit cards at ATMs or hacking computers and even mobile phones. According to Veda, one in four Australians – that’s almost four million of us (and it includes me), have been victims of identity theft. Yet people often only become aware their identity has been stolen when they check bank statements and discover unfamiliar or unauthorised transactions. Despite the financial fallout […]
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