Identity fraud has affected 20 per cent of Aussies

Credit card customers may be concerned to learn that 2.6 million Australians have fallen victim to fraudsters, with Generation Y men the most at risk, a new survey has found.

The study by Galaxy revealed that 30 per cent of those who have been affected lost at least $1,000.

According to experts, it takes only three pieces of information for fraudsters to steal an identity.

Peter Campbell, spokesperson for National Identity Fraud Awareness Week, warned Aussies not to throw away statements with their name, address and account numbers on.

According to the survey, two out of five people throw statements into their recycling bins without shredding them first.

"By throwing away old statements with your name, address and account numbers you are greatly increasing your chances of becoming a victim

Speaking to reporters earlier this month, Detective Superintendent Brian Hay from the Queensland Fraud and Corporate Crime Group suggested that a credit card that can only be used in Australia may reduce instances of fraud, reported the Australian Associated Press.

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