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ID Theft Scams Hit $16 Million

Scams reported to the Australian Competition and Consumer Commission that involve identity theft or the loss of personal/banking information have cost Australians at least $16 million so far this year, according to the latest ACCC figures.

And that may be just the tip of the iceberg, the ACCC says, noting that many victims do not bother reporting the loss, or may still be unaware that they have been hit.

ACCC deputy chair Delia Rickard urges anyone who believes that scammers may have accessed their personal information to immediately contact their bank.

“Timeliness in alerting your financial institution is absolutely crucial, and will give you the best possible chance at recovering your funds,” she says,

She lists some of the ways scammers obtain personal or banking information as including: phishing e-mails and text messages which impersonate banks or utility providers seeking log-in details; fake online quizzes and surveys; fake job advertisements; and direct requests for scans of a driver’s licence or passport. Victims of identity theft are urged contact IDCare on 1300 432 273.

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