Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Identity Thieves Active Over Christmas Season

Identity Thieves Active Over Christmas Season And Summer Holidays

AUCKLAND , 3 January 2010 – New Zealanders are urged to be especially vigilant over the summer holiday period as identity thieves step up their activities.

New Zealand ’s largest credit reporting agency Veda Advantage, advises that the Christmas-New Year summer holiday period is a peak time for fraudsters and identity thieves.

Managing Director John Roberts says “it is the time of year when people are using their credit cards and ATMs more frequently and they are more relaxed and often less conscious about handing over their valuable identity information.”

Fraudsters and thieves most commonly find personal details in stolen wallets and cheque books or by stealing mail and then use this to commit fraud. For the person who has had their identity stolen this can mean not only the loss of large sums of money but damage to their financial reputation with long term consequences. It can result in someone else’s bad credit history ending up on their credit record and whilst that remains prevent them from obtaining credit in the future.

The experience in Australia is that one in five people over the age of 16 have reported that someone has either stolen their identity, illegally accessed or tried to access their bank accounts, stolen or skimmed credit cards or tried to steal their PIN.

In the United Stated an identity is stolen every two seconds.*

“Identity theft is on the rise in the 21st century and New Zealanders are yet to fully wise-up to just how easy it is to happen and how damaging it can be for them – they have to be on their guard at all times, Mr Roberts says.

New Zealand is just catching up with the rest of the world with stand alone identity theft insurance provided through CIGNA www.cignaidtheft.co.nz This works with Veda Advantage’s credit reports so that people can be notified by an Alert when a credit check is run against their name. The Insurance also provides assistance with credit identity restoration when required and financial help up to $10,000 for legal costs related to recovering your identity.

“This type of insurance means consumers are able to move more quickly to protect their identity if it is being claimed by a third party and used to apply for credit in their name– they can also preserve their Veda Score ,” Mr Roberts says.

*Note: Credit card and eftpos crime and identity theft is known to be on the rise but statistics are scant. NZ Police figures show that for the year 2008/2009 there were more than 7000 incidents of fraud and false pretences using credit and bank cards as well as credit by fraud.

About Veda Advantage – www.vedaadvantage.com
Veda Advantage facilitates credit reference checks for New Zealand ’s major banks and lenders, and underpins the ability of consumers to exercise choice in relation to consumer credit products. Veda Advantage holds files on around 97.5% of the individual credit-active population and 100% of the commercial credit-active population in New Zealand .

You can apply for a copy of your credit file at www.mycreditfile.co.nz or by calling 0800 692 733. A $23 express delivery service fee is payable if the file is needed urgently, or otherwise the file will be available within 10 working days.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>