The days are long gone when hiding your cheque book in your sock drawer was enough to protect your financial information. As transacting online becomes easier and easier, the risk of compromising your financial information has increased exponentially. Most of us know someone who has been a victim of identity theft – it might even have happened to you.
Identity theft is when somebody steals your personal information and uses it fraudulently to commit a crime. Personal information that should be guarded jealously includes your ID number, your bank account number, your credit card details, all your passwords, and your medical aid information. Criminals use stolen information to get credit, buy things, move cash out of your bank account and even apply for loans which, of course, are never repaid.…
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Saturday Star (Digital) - 1 Issue, 2021-11-06