Personal Fraud Continues to Strike Many Unsuspecting Victims - Know How to Spot a Risky Situation

According to the Australian Bureau of Statistics, 12. Purchase and use a shredder when throwing
in 4 people are targeted by internet fraud eachaway documentation such as financial statements,
year and a whopping 800,000 people fall victim topre-approved credit applications and any tax
these scams.related forms of correspondence.
It is becoming increasingly important for3. When using popular public networking sites like
consumers to be aware of the many ways thatFacebook and MySpace limit your personal
they can be defrauded. Fraudsters are becominginformation disclosure as your details can be easily
ever more cunning as they continue to find newextracted from these platforms and used to steal
ways to prey on and catch out innocent andyour identity for criminal purposes.
unsuspecting customers.4. If and when you receive credit cards from
Some of the most common types of personalyour financial institution sign them as soon as you
fraud to be aware of include:receive them.
* Credit or bank card fraud - the unauthorised5. Regularly monitor your bank and credit card
use of a credit or bank card.statements for any incorrect transactions or any
* Identity theft - the theft and fraudulent use ofirregular debits and promptly report these to the
personal details or documents such as passports,relevant organisation.
tax file numbers and drivers' licences, all of which6. Avoid using public computers, especially for
can be used to conduct business or open newaccessing financial information, as they may
accounts in another person's name.contain viruses that can capture your personal
* Lottery - usually a scam by which a person isbanking details.
told that they have won a lottery that they didn't7. Install and regularly update security software on
enter. The "winner" is then asked to provideyour personal and work computer such as
personal information in order to prove theirpersonal firewalls, virus and anti-spy protection.
identity and/or send a fee or bank account details8. Generally speaking, it is best to ignore any
in order to get the prize.spam email that is generated from unfamiliar
* Phishing and related scams - a fraudulentaddresses.
request whereby the fraudster pretends to be9. Change your various electronic passwords
from a business or a bank and asks theregularly. This includes PINs, online banking logins
consumer to confirm various personal details suchand email account passwords.
as bank account numbers and credit card details.10. Keep your wits about you and logically assess
This can be done through a variety of mediumsthe details of the request or offer before
such as post, in person, calling your landline orproviding your details to any unfamiliar third
mobile telephone, with email and instant messagingparties. If necessary, seek professional advice.
usually the most common.As the world moves to using the computer and
* Financial advice - unsolicited fraudulent financialthe internet for more and more aspects of life -
advice can include offers such as investmentfrom communicating and banking to shopping and
seminars, real estate scams, share promotion orsearching - fraudsters are constantly developing
telemarketing or other similar tactics.more sinister and devious ways to capture
* Advance fee fraud - an unwelcome request tounsuspecting targets along with still utilising the
transfer money into a person's bank account. It ismore traditional methods. Subscribing to the
usually accompanied by an elaborate or dramaticcommon adage of "If it seems too good to be
story which concludes with requesting thetrue, it probably is" could serve you well here. Ask
respondent's assistance and account details inyourself seriously, if it is actually probable that you
order to facilitate the transfer of a large sum ofare the sole heir to a $33 million African fortune,
money. This request is normally coupled with afor example.
promise of a commission or fee for theIf you suspect that you may have unfortunately
respondent's assistance with the transaction butfallen victim to an act of personal fraud please
instead funds are illegally withdrawn from thecontact us on 1300 QUINNS or click here to
respondent's account.submit an online enquiry. Additionally, please do not
There are some simple practices that you canhesitate to contact us if you would like more
employ that will help to keep your personal detailsinformation on how to better protect yourself
safe and minimise the risk of falling victim tofrom becoming a victim of personal fraud. We
personal fraud. Some such practices include:can help you to ensure that you have the correct
1. Use a locked mailbox to send and receive allprocedures in place to protect you and your
mailfamily's hard earned money.