Companies deal with vast amounts of information every day including customer and employee details, confidential reports, financial details, bills and credit card statements to name just a few. If this sensitive information gets into the wrong hands, the results can be devastating. Shredding is the most secure and cost effective way to securely dispose of sensitive confidential documents.
For Both Your Business Information & Identity – Shred It, So They Don’t Get It!
Shredding documents ensures fraudsters cannot build up a profile based on the information you discard. Invest in a powerful shredder and make it standard practice to shred all sensitive, confidential documents before binning or recycling them.
Privacy Act – Are You Obliging Your Legal Requirements?
The Privacy Act requires an entity to take reasonable steps to destroy or permanently de-identify personal information if it is no longer needed. Breaches of the Privacy Act incur penalties of up to $1.7 million for an organisation and $340K for individuals. Are you doing enough to ensure sensitive files are disposed of securely? It’s not secure until it’s shredded.
What is ID Fraud?
Identity fraud is when another person uses your personal information to commit fraud. It can be as simple as fraudsters using your credit card to buy items online, to taking loans out in your name, to using your personal information to secure important documents, such as a driving license or passport to commit fraud or more serious crimes.
What Do Fraudsters Look For?
Fraudsters use a variety of ways to gain the information they need to commit ID fraud. Central to all their techniques is the exploitation of the opportunities many of us leave for them. Fraudsters look for easy opportunities to exploit – such as using personal documents that have been thrown away and are not shredded, to impersonating an official body to trick you into revealing personal information. Therefore, much can be done to protect your identity by taking simple and basic precautions that can reduce the opportunities fraudsters could use to exploit.
Don’t Become a Statistic!
Identity is everything – isn’t yours worth protecting? Your identity is the single most important asset you have. It defines your credibility and livelihood, ensuring you can obtain mortgage approvals, financial loans, employment as well as verifying your criminal integrity.
Top 10 Tips For Preventing ID Fraud
1. Make sure you shred all your bills, bank and credit card statements, as well as any paperwork that contains your Tax File Number or personal bank account details.
2. Ensure you shred or cut up expired credit or membership cards and compact discs (CDs) that contain personal data, before disposing of them in the bin.
3. Do not carry your Tax File Number, birth certificate or bank PINs in your purse and wallet – or store them in your mobile phone. It is also important to not keep your car registration papers or driver’s license in the glove box of your car.
4. Consider a P.O Box to receive your mail, they keep your mail under lock and key until you are ready to collect it and ensure that your physical street address remains private.
5. Lock your mailbox, especially if you live in a block of apartments with multiple mailboxes and be careful who has access to your outside bins.
6. Carefully check your bank and credit card statements to make sure there are no unauthorised transactions – this may be the first sign someone has stolen your identity.
7. The Australian Taxation Office recommends that when using a tax agent, to make sure they are registered by checking on the Tax Agents Board website www.tabd.gov.au
8. When moving house, ensure you update your old address details so new tenants don’t have access to your mail. A mail diversion can be put in place by Australia Post.
9. Use a comprehensive security software suite and keep it up-to-date.
10. Credit reference agencies recommend having your credit history checked annually to make sure there have been no major changes to your credit rating.