How to Protect Your Accounts from Fraud

In today’s day and age, cyber security threats are extremely serious and are continuing to grow every day. The sophistication of cyber threats is increasing and in today’s increasingly digital world they can be hard to avoid. Many of these threats are targeting people’s identities and bank accounts, so it’s important to know what’s out there before you wade out in to the internet. Here are some of our tips to safeguard yourself against fraud:

– If someone calls you, do not give out personal or sensitive information.

If you did not initiate a call, it’s usually best practice not to give out any sensitive information. If you are unsure of the legitimacy of a call, hang up and call them back at a phone number you can independently verify, ie. The phone number on the back of your credit card.

  • Do not send information via email.

If you can avoid it, it’s best not to send account or personal information via email, as it tends to be an insecure channel of communication. If replying to an email requesting information, be sure to verify that you are speaking with the true person.

  • Monitor your account online

While your bank does have fraud detection in place, the easiest way to stop anything before it gets too serious is to check your accounts regularly to make sure all transactions are legitimate.

  • Review your credit report

You can receive a free credit report once a year from each of the three major credit bureaus. Pull your credit report to ensure there are no fraud accounts opened up in your name.

  • Use a unique username or password for each account

It can be tempting to reuse usernames and passwords across website profiles, but this means if one account is compromised, then all of them can potentially be compromised.

  • Do not open suspicious looking emails

If you think an email is suspicious, or has attachments and is not in your address book or is not someone you know, do not open the email or download any attachments. Email is the perfect way for scammers to deliver malware straight to your computer.

When online, it is always best to err on the side of caution, especially when it comes to your personal or financial records. Taking a few minutes to be careful today can save you hours of hassle and clean up should your identity or account be compromised. If you are in doubt, or worried that your account may be compromised, contact us today to discuss your options.

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