Q: It seems like we hear a lot about Identity Theft these days. How can our viewers protect themselves?
A: Identity theft can happen for a variety of reasons like stolen mail, data breaches and scams. To protect yourself, it’s important to keep your personal documents safe. For example, do not carry your Social Security Card in your wallet. Use strong passwords for your online banking and other online accounts.
Q: What are some other things that consumers can do?
A: Check your monthly banking statements regularly. Check your accounts online, just to make sure that everything looks as it should. If it doesn’t make sure you contact your financial institution immediately.
Q: How can you protect yourself from phishing scams?
A: Be wary of emails from financial institutions or credit card companies asking you for your personal information. Remember, they already have that information. The same goes for people who call you. Companies that you do business with will already have that information. If you are unsure of an email or a phone call, contact the company to double check. Always err on the side of caution.
- My Money Monday, May 14 - Tips to Protecting Your Identity
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- My Money Monday - Tips for overspending
- My Money Monday, May 7 - What is identity theft?
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- My Money Monday, May 21: Protecting yourself from ATM fraud
- My Money Monday, April 9 - Money management tips for new parents