Identity fraud in SA prevalent: Experian

Experian SA has said that identity theft is “frighteningly prevalent” in South Africa

November 18, 2013
Identity Theft Scam hack

Identity theft is one type of fraud that affects both businesses and individuals, and is widespread in South Africa, Experian SA said in a press statement issued on Monday, 18 November 2013.

“Identity theft is widespread and don’t ever think it can never happen to you because without the right precautions it can,” said Sharon Coppola, legal risk and compliance executive at information services group, Experian SA.

Fraud awareness is critical as organisations and individuals around the world lose revenues annually as a result of fraud related crimes Experian SA said.

Identity theft in particular, occurs when someone uses your personal identifying information, without your authorisation, in order to commit fraud or other offenses, such as obtaining loans, services or credit.

“Indeed, identity theft of all shapes and sizes is frighteningly prevalent. You can correct it – but obviously, only if you are aware of it,” Coppola sasid.

According to Experian, the majority of consumers do not monitor their credit reports regularly.

“At some subsequent point in time the victim of the fraud discovers the fraud only when credit providers start to bill them or follow up on the payment,” she said.

Coppola recommends the following remedial steps for identity theft victims:

  • Contact the credit provider and advise, via an affidavit, that the account in question has been opened under false pretences;
  • Open a case with the police; and
  • Check out your credit status with a credit bureau like Experian SA and advise the bureau of the identity theft to ensure that your status has not been damaged.

She advises consumers to follow a defensive strategy by regularly viewing their credit reports to ensure that there are no fictitious entries to their accounts.

Experian SA encouraged consumers to take advantage of the free annual service provided by the credit bureaus as prescribed by the National Credit Act, which gives them the right to access their credit reports once a year at no cost.

Coppola said that it is important to monitor your credit report to ensure that the information in it is legitimate, correct, and has not been tarnished in any way by illegal credit activities.

These illegal activities may be a deterrent when accessing the credit that you need and retaining a healthy credit standing, Coppola said.

Malware alert for Road Traffic Infringement Agency website

Cape Town hacker facing arrest

City of Joburg vs Tshwane security concerns

Anonymous “taking a long hard look” at South Africa: SAPS hacker

Slow ADSL – your router could be hacked

Tags: Active, Experian, identity theft, Sharon Coppola

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Which tech brand do you like the most?

View Results

Loading ... Loading ...

More News

Eskom cannot pay: service provider

Eskom light

A former Eskom service provider is accusing the utility of engaging in litigation without any merit in an effort to avoid payment of at least R47 million

Google is playing catch-up on cybercrime with Project Zero

A Google logo is seen at the garage where the company was founded on Google's 15th anniversary in Menlo Park, California

Google’s new Project Zero team adds some welcome muscle in the fight against cybercrime

R1 billion in unpaid e-toll bills: minister

e-toll bills

Unregistered motorists in Gauteng owe the SA National Roads Agency Limited (Sanral) over R1 billion in unpaid e-toll accounts

Telkom responds to Maseko number plate cloning allegations

Sipho Maseko

Telkom said that its CEO Sipho Maseko has presented himself to the authorities to resolve the car license cloning allegations within the ambit of the law

Free MyBroadband Newsletter:
Subscribe
X
bool(true)