- by theguardian
- 02 Feb 2023
The recent Optus and Medibank data breaches in which thousands of Australians had their personal information stolen have heightened public consciousness of the threat of identity fraud.
Information including names, dates of birth, addresses, phone numbers, passport and Medicare numbers, and even healthcare claims have been posted online in the past few months as a result of the high profile breaches.
The products generally offer similar services with varying degrees of coverage.
Most products also offer credit monitoring to alert you of anyone trying to take out loans or open bank accounts in your name and will lock down your credit file to prevent such activity.
Short answer: no. These products are designed to limit the damage in the event your personal information is leaked by finding it quickly, limiting ID fraud in your name and potentially to cover any financial losses you might suffer.
Large companies often have cyber insurance designed to cover the costs should they come under an attack, but this is not always applicable to the customers of the business.
And, unless you work in tech, monitoring the dark web is probably beyond your expertise.