5 ways your social media can leave you open to identity fraud

With so much of our lives spent online these days, your social media profile can easily become a hotbed for criminals on the hunt for your details. From accepting friend requests from seemingly harmless strangers to sharing far-flung holiday photos, learn how to change your social media habits to protect yourself.

It’s not uncommon for scammers to use social media to make their approaches more personal. Criminals aren’t stupid; the more they know about you, the easier it is to impersonate you. And they can learn a lot about you from your profiles, such as your friends and families’ names, where you live and what you do on the weekends.

Using this information, they could try to connect with you as a friend or romantic interest in the hope that you’ll grow to trust them and, in turn, offer up more of your personal information which they can use against you. They might also try to sell you fake shopping deals, competitions or investment opportunities they think will appeal to you, to get you to part with your money.

The bottom line is: never accept social connection requests from people you don’t know or trust.

Fraudsters can use the information you post online to piece together your identity in order to apply for credit or buy things in your name. For example, they might try to locate your maiden name, date of birth or pet’s name - all of these are commonly used for passwords which they could attempt to crack to access your accounts.

You also put yourself at risk of identity theft when you post updates on your activities and day-to-day life on social media. If you post a photo of yourself on holiday, it won’t take a criminal long to work out that your house is empty and ready to be burgled. As well as expensive items like jewellery and electronics, criminals might also take documents containing your personal and banking information (such as utility bills) during the break-in. Using the seemingly innocent information lying around your home, it wouldn’t take long for someone to commit identity fraud in your name.

While sharing photos and updates can be a great way to keep in touch with loved ones, try to limit how much information is publicly available on your social media sites.

If you haven’t checked your privacy settings recently, it’s worth doing so now (it only takes a few minutes).

We suggest you keep your settings as private as possible. For example, only allow people you’re connected with to view your profile photo, date of birth and city. You can also control who’s able to send you friend requests, view your posts and see your connections.

If your privacy settings aren’t secure, you’re leaving yourself vulnerable to fraudsters being able to dig into your personal life without you knowing about it.

It’s important to be careful when you’re allowing third-party apps access to your social media accounts. For example, when you play an online game or rent a holiday home, the company might ask for your permission to access or link with your social media profile.

Before you consent, make sure that the request is coming from a reputable company. Even then, it’s sensible to enter as little personal information as possible. By doing this, you’re minimising how much of your personal data could be impact if the app was to fall victim to a security breach.

Avoid using the same password for your social media accounts as you do for other accounts - particularly your email account. Once someone has access to this, they have the potential to unlock hundreds of your other accounts and change the passwords on your behalf, so only they have access.

It’s best to change your passwords regularly and make sure they’re as long and complex as possible.

And set up two-factor authentication (2FA) if possible. This is usually available for sites containing your personal or sensitive information, such as mobile banking apps, social media platforms and ClearScore. With 2FA, you’ll be asked to enter a code sent to your mobile phone as well as your password when you try to log in, adding an extra layer of security to your account.

Fraudsters will impersonate other people usually to trick and misguide others. They can pretend to be someone who you know, in order to convince you to hand over personal information.

Depending on what you share online, a fraudster could steal your personal information like your full name and address or even your bank details.

There's a scam on social media tricking people into sharing their ClearScore login details. The fraudsters are claiming they can apply for a loan on your account – that you won't have to pay back – without it showing on your credit report. They're even showing "evidence" of previous confirmation emails and happy customers.

Remember: your login details are sensitive and private to you. Don't share them with someone else.

Checking your credit report regularly is a great way to spot something that doesn't look right.