We all hear the distressing stories of identity theft. Fraudsters are getting cleverer but there are some simple things that you can do to help protect yourself.
What fraud-friendly information are you carrying in your wallet?
One of the most important things that you can do to protect your finances and your identity is to audit your wallet. Here are some key tips to help you keep your personal information safe and out of the hands of fraudsters:
If you have your social security card or number in your wallet, remove it immediately. It is just the ticket for identity thieves.
Make a list of all the items in your wallet. For debit and credit cards don’t include card numbers, rather just the name and phone number of the financial institution. If you have automatic payments associated with a card make a note of that as well.
Keep the list in a safe place at home. If your wallet or purse gets lost or stolen you now have a list of everything that you need to cancel and replace what was lost.
Don’t wait to cancel your lost or stolen card—most financial institutions have a 24-hour phone number just for reporting a lost or stolen card. You definitely want to do this before the fraudsters wipe out your accounts.
Prevent, Detect and Restore
BECU members have access to reliable identity theft services and resources. To learn more, visit www.becu.org/learn-and-plan/articles.aspx and select Security and Fraud.