Stolen data could be used to withdraw funds, rent properties under false names, and access fraudulent medical treatment.
The Optus hack has raised concerns that the real estate sector could also be exposed to data breaches.Digital rights advocates are calling for real estate agencies to collect fewer data from renters, fearing large-scale breaches of sensitive information.
To create a tenancy interest application, real estate agencies ask you to provide a certain amount of 'points' to confirm your identification. This usually consists of passport and driver's license numbers, your Medicare number, and other sources of identification. Real Estate Institute of Australia President Hayden Groves told SBS News there are significant risks for agents who don't follow best practices.
"But right now, there is a culture of data hoarding across corporate Australia where companies keep data just in case it could become valuable to them later.
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