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Payday loan providers ask clients to share myGov and banking passwords, placing them at an increased risk

Payday loan providers ask clients to share myGov and banking passwords, placing them at an increased risk

Payday loan providers are asking candidates to generally share their myGov login details, along with their banking that is internet password posing a risk of security, based on some professionals.

It goes up against the advice regarding the national federal government web site.

The pawnbroker and loan provider Cash Converters asks people receiving Centrelink benefits to provide their myGov access details as part of its online approval process as spotted by Twitter user Daniel Rose.

A Cash Converters spokesperson said the organization gets information from myGov, the federal government’s income tax, health insurance and entitlements portal, via a platform given by the Australian economic technology company Proviso.