Compromised TFN: What You Need to Know

Tax File Numbers (TFNs) are used for tax and superannuation purposes, and are an important part of your Australian identity. Keeping it secure is crucial for managing taxes, applying for jobs, and accessing government services. When it's compromised, the Australian Taxation Office (ATO) won't issue a new one. To prevent identity theft and fraud, it is crucial to protect your TFN.

What is a compromised TFN?

A compromised TFN occurs when scammers or data breaches expose your number to unauthorised access. This puts your personal and financial information at risk. Understanding these threats and knowing how to safeguard yourself is essential.

Is my TFN exposed? How do I know?

You may have a compromised TFN if:

• You receive unexpected tax bills or notifications from the ATO.
• You discover that a return has been filed under your name without your knowledge or you have an unexplained delay in getting your tax refund.
• Irregularities or unexpected transactions appear in your superannuation accounts.

What are the ways in which my TFN can be compromised?

Your TFN can be exposed in several ways:

• Phishing Scams: Fraudsters might impersonate the ATO through fake emails or messages to trick you into revealing your TFN and personal details. Always verify the authenticity of any communication before sharing sensitive information.
• Data breaches: If an organisation where you’ve shared your TFN suffers a data breach, your information might be exposed. Ensure you use secure methods for sharing your TFN. For example, H&R Block provides a secure portal for safely submitting personal information.
• Identity theft: Criminals may steal your TFN along with other personal details to commit fraud or access your financial accounts. Stay vigilant to protect your information.

What can I do to prevent future compromise of my TFN?

To protect your TFN and personal information, follow these preventive measures:

• Keep Your TFN Confidential: Only share your TFN when absolutely necessary. Avoid sharing it through unsecured channels.
• Be Wary of Scams: Be cautious of scams that impersonate the ATO through phone calls, emails, or text messages. If you receive suspicious communication, do not respond.
• Monitor Your Accounts: Regularly check your financial statements for unfamiliar transactions. Report any suspicious activity to your financial institution or the ATO immediately.