Powered by MOMENTUM MEDIA
subscribe to our newsletter
New service to combat identity theft

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.

Advertisement
Advertisement

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.

“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

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, t...

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.   ...

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s. ...

FROM THE WEB
podcast

LATEST PODCAST: What drops in fixed rates may mean for the mortgage market

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?