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Investor Alert: Protect your investments from fraud
ASIC is warning investors to be on high alert following a significant increase in reports of stolen shares through identity fraud. Find more information here.
How to keep your investments safe:
- Review your share portfolios regularly, so you’re quicker to detect unauthorised activity
- Turn on two-factor authentication (2FA)
- Register for a PO Box or lock your letterbox to help prevent mail theft
- Ensure you have provided your most up-to-date contact details to your stockbroker, share registries, and financial services providers
- If you receive a new bank card or correspondence that is unexpected, like an update on how your shares are held, the creation of a new account, a notification of sale of your shares or confirmation of a change in contact details, don’t ignore the correspondence
See ASIC's Moneysmart website for more information on how to protect yourself from identity fraud.
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