Protect Yourself from Identity Theft
Identity theft happens when someone who isn’t you is able to gain access to your identifying information such as your Social Security Number, financial account information, credit card information, and more. Identity thieves may go as far as draining your bank account, opening new lines of credit, or even using your insurance information to get medical treatment. It’s important to take the necessary steps to protect yourself and your personal information from prying eyes. Fortunately, we have helpful tips that can be used to prevent you from becoming a victim of identity theft.
Secure Sensitive Documents
A lot of people make the mistake of thinking identity theft is strictly a digital crime, but thieves are just as eager to get their hands on your paper documents as well. While your online accounts can be protected with a strong password, important paperwork is often left in a drawer or simply tossed in the trash where dumpster-diving thieves can find them. If you no longer need the documents, consider shredding them to avoid them ending up in the wrong hands. Local businesses or organizations in your community may host shred days to give people an opportunity to dispose of sensitive documents properly. This would be a great opportunity to take advantage of, especially if you don’t have your own shredder.
Examine Your Financial Statements
It’s good practice to regularly check your financial statements. Not only does it allow you to monitor your financial habits, but it can also alert you of any fraudulent charges made on your account. Robins Financial also offers free fraud monitoring through our Falcon Fraud Prevention Services and will contact members in the event of suspected fraudulent activity on your account. Falcon Fraud Prevention will contact members by phone call and/or email, and we are also preparing to launch text alerts as another way to keep our members safe.
Choose Strong Passwords
People often like to use one password for all of their devices and platforms, simply because it’s convenient and easy to remember. This can be very dangerous and cost you in the long run. Creating a strong and unique password with a combination of upper and lowercase letters, symbols, and numbers can ensure your information stays safe and secure. Regularly changing your passwords can also add an extra layer of protection in the event the old password is compromised. Use our Digital Banking Guide to change your password and protect your financial information.
Protect Your Devices
Malware is one of many ways that identity thieves can steal your data. Typically malware is spread to your hardware through an infected link or email. It’s important to think before you click! If an email seems suspicious or a website is unknown to you, it’s better to avoid it completely. Downloading antispyware and antivirus software is a great way to ensure your devices are protected. This will keep any saved sensitive documentation safe from snooping identity thieves.
Avoid Public Wi-Fi When Handling Personal Business
Public Wi-Fi is often insecure and can leave you unprotected against thieves looking to get your data. If possible, steer clear of public Wi-Fi especially when using Digital Banking or performing tasks that involve your personal information. You never know who is lurking and waiting for the opportunity to obtain your information.
Nearly a third of all Americans have experienced identity theft, and 1 in 5 people have experienced it more than once. It’s important to know the warning signs so you know what to look for, and what steps to take in the unfortunate event that identity theft ever happens to you. You can read more about Steps to Take if Your Identity is Stolen for more helpful information on how to handle identity theft.
At Robins Financial Credit Union, our mission is to enhance the financial well-being of our members and community. We honor this commitment by providing educational content to help you make the most of your finances. Read our other blog articles to help you gain the financial knowledge you need to succeed.