Identity fraud 'fastest-growing crime'?

Australia
October 6, 2008 10:02am CST
With identity fraud becoming the nation's fastest-growing crime, Crime Stoppers has urged Australians to stop throwing personal information into rubbish bins. Identity fraud has claimed half-a-million victims in the last 12 months at an estimated cost of $1 billion to the national economy, says the Australian Bureau of Statistics (ABS). And professional women in their 20s and 30s are most at risk. Despite the danger, a Newspoll survey shows nearly 70 per cent of people throw away bank and credit card statements, social security and tax file number details, utility bills and other personal information. Ahead of national identity fraud awareness week, Crime Stoppers has urged Australians to shred their statements and personal information, as well as digital information held on CDs, before throwing it away. "This is the only safe way to ensure that your personal information is secure from dumpster divers," said Crime Stoppers chairman Peter Price. Over the past year, 383,300 people experienced at least one unauthorised, fraudulent transaction using their credit card or account details, the ABS said. Another 124,000 fell victim to identity fraud, with unauthorised people using their driver's licence, tax file number or passport to conduct business, open accounts or take out loans illegally in their name. http://au.news.yahoo.com/a/-/mp/5061657/identity-fraud-fastestgrowing-crime/
3 people like this
3 responses
@oldboy46 (2129)
• Australia
19 Nov 08
It is on the rise and unfortunately often the banks and financial institutions do nothing until it is too late. A couple of years ago my nephew was overseas and his credit card was scammed big time. He checked his account one day - the first time he had done it while overseas as he generally left that to his parents to do when the statement arrived. Found several strange things on it and phoned his parents who had to deal with the bank. It took months to sort out from memory and the bank could not seem to understand that it was not possible for him to be in the UK and Asia at the same day on three consecutive days! In the end it was sorted out in his favour but in the meantime he was left with no card as his credit card was cancelled. Unfortunately that one card linked all his Australian bank accounts so he could not access any money until his parents sent the savings account card over to him. Luckily he was on a working holiday and making reasonably good money so at least he could live but it could have been the opposite. He did not leave his statements lying aroiund as they were here in Australia but it seems his card was skimmed somewhere. Agree that people should take all precautions to protect their personal details as they can be so easily stolen and then the onus is on you to prove you did not incur those debts.
@angeljenn (894)
• Zaragoza, Spain
11 Oct 08
hello there to U...oh, that's really scary, i never thought that there are such cases like that...well, it's good that you posted this informative news...it's really sad to know that there are people who are like that, using other's identity... I think all people should really be more aware and alert nowadays...it's really unbelievable that there are what they call "identity fraud," which destroys the credibility or even take advantage of another person... I hope those bad people should learn to change their ways and have a conscience, because it's really not good that they will use other's identity...they should think also the situation of those poor victims, and not only to themselves... I would say that this is really an informative discussion...i have been so very busy these past months, so i'm thankful that i have logged in to myLot again...and i'm thankful to have read this cool and informative discussion...i have learned a lot from here, thank you... You have a blessed Saturday...may GOD BLESS U & UR family always!!!
@eaforeman6 (8979)
• United States
8 Oct 08
green money bag with the dollar sign on it - green money bag with the dollar sighn on it
I do believe that with so many scams on the internet and on the phone, its getting worse. There have even been bank scammers calling pretending to be banks...we all have to becareful nowadays. The crime will get worse as the economy gets worse. We havent seen the end of it yet.There are just so many of them.