The holiday season is here and you’re beginning to spend your hard-earned money while shopping online, by phone, or in stores—and fraudsters are on the prowl, ready to steal your cash and personal information. Don’t let these criminals get away with ruining your financial security.
We encourage you to protect yourself against fraud now before it’s too late. Below are some easy strategies you can use to help better detect and avoid falling victim to fraud and identity theft.
- Review Credit Reports at Least Once a Year. This will help ensure fraudulent accounts have not been opened using your personal information. Additionally, the Fair Credit Reporting Act entitles consumers to a free credit report once a year from each of the three nationwide credit reporting agencies. You can receive your report by contacting the credit reporting agencies directly or by visiting www.annualcreditreport.com.
- Shred Documents with Personal and Financial Information. Financial statements, credit card offers and billing statements are examples of documents you should be shredding. Consider going to a local shred day in your area so you can safely discard your personal and financial records.
- Monitor Financial Statements and Online Banking Regularly. You should get into the routine of checking your statements and periodically reviewing your account transactions and online activities. This will help identify unauthorized account activities early, preventing potential losses to your personal accounts.
- Ensure Children Understand What Information to Provide Online. Fraudsters will often use a game or a free offer that will request personal information, or will include spyware to track and steal information from your computer or mobile device. Protect yourself by encouraging your children to limit online contact to friends they actually know, setting privacy controls to restrict access to private information, and enabling parental controls that allow access to only trusted sites. It is also a good idea to talk to your children about not giving out their name, address, date of birth, or any other personal information online without talking to you first.
- Look Out for Scams Involving Social Engineering. Fraudsters may impersonate a credit union (or other legitimate organizations) to trick you into giving out personal account information. This social engineering tactic is often utilized as part of an elaborate scheme involving phone calls, emails, text messages and other forms of communication. Keep in mind that you should never reply to unsolicited telephone, email, text or pop-up messages asking for personal account information. It is important to understand legitimate organizations never ask for sensitive information over unsecured communication channels. Click here to view some important articles with tips and advice about how you can protect yourself from fraud. Remember, a fraudster’s greatest advantage is your lack of knowledge and awareness – so get educated!
* Identity Theft insurance underwritten by subsidiaries or affiliates of Chartis Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions.