Identity Theft Update - Thanks to Westpac
It appears in many forms, from fraudulent credit card use, to your entire identity being used to open accounts, obtain loans, and conduct other illegal activities.
Here are 8 simple strategies to help protect your financial identity:
- Ensure your mailbox is locked or get a postbox and check it for tampering.
If you'll be away from home for an extended period, arrange for mail to be held at your local post office or have a friend collect it.
- Safely dispose of personal and financial information such as account statements, bills and receipts. These need to be torn up or shredded before throwing them away.
- Sign up to electronic bank statements, which can be viewed and downloaded when banking online: eStatements are also good for the environment
- Check you've received all expected bills, statements and tax assessment notices as a missing statement could mean someone has removed it from your mailbox.
- Register for internet banking SMS code and receive SMS alerts to your mobile to authorise certain Online Banking transactions.
- If you are moving house update your details straight away, often this can be done online these days.
- Does your bank have your mobile or telephone number? Knowing your current contact details will enable them to contact you quickly if suspicious activity is detected.
- Set up a special keyword - it’s like an extra layer of security used during Telephone Banking that makes it harder for a fraudster to assume your identity. Call you bank to initiate this service.