AUSTRALIAN CREDIT CLIMATE: IDENTITY THEFT ON THE RISE

Posted by Joachim Bartels | Dec 23, 2010 | Consumer Credit Information, Credit Information, Member News, Veda | 0 |

Veda Advantage released on June 3^rd, figures showing the incidence of identity theft in Australia is increasing, with 4.4 million Australians (26%) affected by identity theft, compared to 3.8 million (23%) for the same period last year.

Veda Advantage’s indexed Identity Theft Report, conducted by Galaxy Research, also found despite increasing attacks of identity theft, 67% of Australians have failed to take even simple measures to protect their identity. This is only a marginal improvement from the 70% of Australians who said they had not taken any steps to protect their identity in March 2008. The report indicates more than a quarter of the Australian population has been affected by identity theft, either personally, or within their friend and family networks. The cost of identity theft to Australians is reported to be $3.5 billion annually according to the NSW Crimes Commission.

Source: VedaAdvantage

BIIA Newsletter September 2009 Issue

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.