Even though the Equifax data breach has dominated the headlines, it has not been the only data leakage. In 2016 there were over 1,093 US companies experienced a loss of personal or card data that were reported. What can you do to protect your identity and your money? Fortunately, there are several actions you can take.
In a security notice issued by the Federal Reserve Banks, they remind consumers that any video, text, email, phone call, flyer or website instructing them to use Federal Reserve routing and account numbers to pay their bills is a scam.
June is National Safety month and besides all of the concerns for your personal safety, you should also consider precautions to keep your financial information safe as well. There are ways to keep your money and your identity secure and most start with being aware and informed.
The holiday season is always full of hustle and bustle with shopping, holiday parties and travel. Many people are so focused on the holidays that they can let their guard down and be susceptible to fraud and scams. Just a taking a few precautions can help you avoid most scams and frauds.
There is an old saying that an ounce of prevention is worth a pound of cure. When it comes to avoid scams fraud and other financial theft this is certainly very true. Following a few simple precautions and not letting your guard down are the keys to successfully avoiding frauds and other financial theft.
Credit cards aren’t going out of style anytime soon, which means every individual who uses a credit card needs to be up to snuff on the latest security practices. This includes secure online shopping, continuous monitoring, and notifying financial institutions when there is a possibility of credit card fraud.
Your money and personal information are two areas where being fooled is not funny. Being a victim of fraud or a scam is never pleasant and many unsuspecting people who should know better get caught because they let their guard down and don’t use reason. Scam artist are very talented and work very hard to make all of their scams believable. Arming yourself with a little knowledge and always doing your research are two great ways to avoid being a fraud victim.
At FORUM Credit Union, we take the security of our members very seriously. After a detailed investigation, our research indicates that our systems are safe from the Heartbleed Bug.