Powered by MOMENTUM MEDIA
subscribe to our newsletter

New service to combat identity theft

Veda has launched a new service aimed at preventing identify theft after research showed one in five Australians have had their personal information stolen online.

Identity Watch is the first Australian cyber-monitoring service of its kind and monitors whether a person’s information – such as email addresses, credit card numbers and bank details – is being illegally traded on online forums.

The service costs $3.99 per month and alerts the person when their personal information has been compromised.

The initiative comes after 772,000 people were affected by identity theft in the past 12 months alone, with Gen Ys reporting the highest proportion of cases, at 20 per cent.

Veda’s head of cybercrime, Fiona Long, said the group’s latest research confirmed the significant threat posed by identity crime and warned that those who do not exercise caution are exposing themselves to opportunistic scammers.

Advertisement
Advertisement

PROMOTED CONTENT


“We are all at risk of having our personal details stolen, and the threat is amplified in the online world, where we can be duped by hackers without even knowing it,” she said.

“We are all doing more and sharing more online, and if we leave ourselves vulnerable, identity thieves can steal information like passwords, personal data and financial details without our knowledge.”

Veda research has shown that Australian victims of identity crime lose $4,101 on average per incident.

New service to combat identity theft
mortgagebusiness

Latest News

The value of mortgage approvals swelled to a new record high in November, surpassing $24 billion, the ABS has found. ...

The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, but...

The non-major bank has made an appointment to the newly created role of group general counsel and company secretary. ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.