What to do if you suspect that you've been a victim of identity theft

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Experian, experienced a data breach which exposed the personal information of as many as 24 million South Africans and 793 749 business entities to a suspected fraudster. Here's tips on what you can do if you've been a victim of identity theft.

- Before you can correct the problem, it's important to know the origin of the attack. While traditional identity theft involved criminals"dumpster diving" to obtain personal information such as receipts or credit card bills, thieves are now targeting popular online services. Banking websites, online retailers and even dating sites hold a wealth of consumer information.- Notify your bank, financial institution and company where you think the theft occurred. File a police report.

In addition to knowing how and when to react, it is important to take preventative measures: Safe Internet surfing habits, solid antivirus and Internet security solutions, effective passwords and limited credit sprawl. And while this all may sound a bit overwhelming, it pays to know what to do if your identity is stolen.

 

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