Identity theft is when your personal details are stolen so that someone can access your online information, bank details or other credit information without authorisation. Identity theft is a common form of online scam, with others asking for the transfer of funds under false premises or remotely hacking your online account when you click on an online link.
While details like your name, date of birth and address may not seem important, they’re commonly used to identify you online for legitimate credit purchases or bank transfers. Sharing this information freely online may put you at risk of an identity scam.
Other information that may be of interest to identity scammers includes:
- Your phone number
- Driver’s licence, passport or other ID
- Bank account numbers
- Email addresses
- Other social network details
Identity frauds will normally either search for your information online or ask for it without providing any security. You can always check on our Yonda policies to ensure we’re the real deal or find a full disclosure on your privacy. We only ask for your personal information to identify your credit file and provide your full credit report, which is common practice for credit reporters and credit data providers.
Notifying the right people.
If you suspect your identity might be at risk, the first step should be to contact your bank or credit provider. Report the activity and place a hold on your account until you ‘block’ the fraudster by changing your security details.
You can also contact your credit reporter and ask that your credit information isn’t released. This gives you time to sort your credit activity before it begins to hurt your credit score.