Over the last few years, Australian companies such as Optus, Latitude Financial, Medibank and Canva have suffered major data breaches.
This has meant the personal details of millions of Australians have been exposed. If you personal details have been leaked, they can then be used to fraudulently apply for financial products in your name.
By regularly checking your free credit report, you can stay on top of any irregularities in your credit file, including potential fraudulent credit applications or other forms of identity theft.