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Identity crime is a load of rubbish

The Daily Telegraph has reported that the chances of being a victim of identity theft are about 20 times greater than you think.

About 2.6 million people lose money annually to criminals who steal personal information like bank details, date of birth and tax file numbers to perform fraudulent transactions. In reality, about 780,000 people lose more than $1000 through identity fraud each year with more men than women affected, according to the results of the latest Galaxy Research survey.

Crime Stoppers CEO Peter Price said consumers could reduce their chances of being swindled by more than 80 per cent if they kept personal information secure.

“People are not being cautious enough,” Mr Price said.

“They are basically putting private information online and in rubbish bins which is of very high value to certain people.”

According to the survey, 40 per cent of identity fraud victims threw bank and credit card statements, social security details and utility bills in the bin without shredding them, while 14 per cent tossed them in the recycling bin.

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