Identity theft – Protect your personal information

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If your personal information falls into the wrong hands, it can be used to steal your identity.

If you think your identity has been stolen, report it to your bank and change your passwords.

Important:

If you’ve been affected by the recent Optus data breach, the Office of the Australian Information Commissioner has information on how to respond to a data breach.

The ACCC’s Scamwatch has released information on the latest scams arising from the breach

It’s important to:

  • report the breach to your bank and super fund
  • change your passwords
  • be on the lookout for suspicious emails, phone calls, texts or messages through social media
  • keep close watch on your bank account for any unauthorised transactions
  • request a temporary ban on your credit report to ensure no unauthorised loans or applications

Signs of identity theft

If your identity has been stolen, you may not realise for some time. These are some signs to look out for:

  • Unusual bills or charges that you don’t recognise appear on your bank statement.
  • Mail that you’re expecting doesn’t arrive.
  • You get calls or texts about products and services you’ve never used.
  • Strange emails appear in your inbox.
  • A sudden increase in suspicious phone calls, texts or messages through social platforms.

Act fast if your identity is stolen

What to do if you think your identity has been stolen.

Contact your bank

Contact your bank so they can block the account. This will stop a scammer from accessing your money. You may also need to cancel any credit or debit cards linked to your accounts.

Change your passwords

If someone has stolen your identity, they may know your passwords. Change your passwords straight away. Think about all of your online accounts, including social media and other bank accounts.

Report the fraud

If you think your personal information has been used, you can report it to the police via ReportCyber.

Report it to the relevant websites

If you think someone has hacked into your online accounts, report it to the relevant websites.

Alert family and friends

If someone has taken over your social media accounts or your email address, alert your family and friends. Tell them to block the account.

Report it to the ACCC

The ACCC’s Scamwatch collects data about scams in Australia. Your report helps Scamwatch create scam alerts to warn the community.

Contact IDCARE

IDCARE is a free service that will work with you to develop a plan to limit the damage of identity theft. 

Protect yourself from identify fraud

Simple steps you can take to avoid identity theft.

Use strong passwords

Make sure your passwords are long and contain a mix of numbers, symbols, capital letters and lowercase letters. Strong passwords make it harder for people to hack into your accounts. The Australian Cyber Security Centre has some useful tips to protect your information online.

Shred your documents

Letters from your bank, super fund and employer can all contain personal details scammers can use to steal your identity. Shred these kinds of letters before you throw them out.

Use public computers with caution

If you use a public computer, for example, at a library, make sure you clear your internet history and log out of your accounts.

Be careful on social media

Be aware of what you post on social media, particularly if your profile is public. Scammers can find out where you live, work and visit through your posts.

Use security software on your computer

Use virus protection software to help stop hackers from accessing your information. This software can help protect you if you click on a suspicious link or visit a fake website.

Monitor your bank transactions

Check your bank statements and online accounts regularly for unusual transactions. If you spot something unusual, check it with your bank and find out if you need to act.

Request a copy of your credit report

Check your credit report for any unusual or incorrect debts, loans or credit applications. If you suspect fraud, you can request a temporary ban. Find out how to get a free copy of your credit report.

Secure your mail

Put a lock on your street mailbox so that people can’t steal your mail.

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Wealthness Pty Ltd ABN 13 231 248 112 [t/a Better Financial Planning Australia] is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL No. 236523. It is important to be aware that Better Financial Planning Australia is not authorised by Infocus to provide advice relating to credit services or property advice. Infocus is not responsible for any advice outside of the scope of this authorisation and should you wish to act on any of this general information, please first seek professional financial advice.
Wealthness Pty Ltd t/as Better Financial Planning Australia will endeavour to update the website as needed. However, information can change without notice and Wealthness Pty Ltd t/as Better Financial Planning Australia does not guarantee the accuracy of information on the website, including information provided by third parties, at any time.
This information is of a general nature only and neither represents nor is intended to be specific advice on any particular matter. Infocus Securities Australia Pty Ltd strongly suggests that no person should act specifically on the basis of the information contained herein but should seek appropriate professional advice based upon their own personal circumstances. Although we consider the sources for this material reliable, no warranty is given and no liability is accepted for any statement or opinion or for any error or omission.
Wealthness Pty Ltd t/as Better Financial Planning Australia does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded, Wealthness Pty Ltd t/as Better Financial Planning Australia and its employees do not accept any liability for any error or omission on this website or for any resulting loss or damage suffered by the recipient or any other person.
Wealthness Pty Ltd (ACN 613 313 250) [t/a Better Financial Planning Australia] Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL Licence No. 236523.

Source: ASIC MoneySmart

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