How easy is it to steal your home without identity verification?
Apparently its not that difficult to steal a home with a little know-how, and boldness.
We have all heard of identity theft and probably laughed it off as “it will never happen to me”. But do you know where your personal information is stored? Is it safe?
Much of your personal information now resides on dozens, if not hundreds of servers across the globe, many now in ‘cloud storage’, e.g. MyGov, drivers license, passport, bank accounts, your work uses the cloud to store information, etc. Even your mobile phone apps are storing information about you in various places around the globe.
Ask yourself, did you totally destroy that electricity or water bill, or did you just throw it in the bin (name, address, with account details)? After you paid your phone bill did you destroy the invoice (name, address, with account details)? When did you last change your password on your computer / email / Facebook / twitter etc.? For many of us the answer is “Not recently!”
Six million Australians have been the victim of Cybercrime in Australia throughout 2017, constituting a 13 percent increase from 2016 with a total of $2.3 Billion Dollars lost to thieves. This upward trend in cybercrime is the result of an ever increasingly connected world, a world in which cybersecurity has not been able to keep pace
In the US it has risen to 16.7 million in 2017. The cost of all of that lost data amounts to over nearly $17 billion. For 2017 and 2018, identity theft statistics have taken center stage among the many stats and facts encompassing the entire realm of cybercrime.
Historically identity theft has been viewed to be someone accessing your bank accounts, using your credit card or taking out loans in your name – all without your permission.
In the age of technology it extends further and we’ve seen a rise in people impersonating others on social media and online forums, with an intention to cause harm and often leading to emotional scars or even worse consequences
It has gotten to the point where even your home is not safe.
The most effective way to minimise the risk of land related fraud is for verification of identity to occur when a person decides to sell their property and before financial settlement.
The Practice recommends that conveyancers, settlement agents and other property professionals take reasonable steps to verify the identity of their clients and confirm their clients’ authority to give instructions when dealing with a particular property.
Under the Practice, if a person is outside of Australia, the verification of identity and the witnessing of land documents should be conducted by an Australian Consular Officer
There are some easy safety measures you can take to better protect yourself. Athough these also come with ultimate restrictions/sacrifices:
Use the highest privacy settings on social media. Limit personal information shared. Don’t accept ‘friend’ requests from people you don’t know;
Avoid using public computers or wireless hot spots for personal affairs;
Ensure your computer’s security and virus software are up to date;
Don’t save passwords in your phone or in writing at home, and use strong passwords unlike your children’s names, dates of birth or addresses;
Destroy any personal documents you no longer require and secure those you need.
Identity theft is real!
Don’t ignore it.
Don’t get caught out!
If you have any concerns talk with your settlement agent right away.
We know when you buy a property it is an exciting yet stressful time. We take care of the settlement process. Allowing you time to look to other matters whilst we get on with the settlement in question. Begin by requesting a free quote today…
We know selling can be a stressful time. Supreme Settlements priority as your Settlement Agent in Perth is to meet your needs. Our conveyancing team will keep you informed as the settlement process proceeds. Our professionalism ensures a satisfactory completion. Begin by requesting a free quote to start the process…