In today’s digital world, safeguarding your personal information is more important than ever. Identity theft is one of the fastest-growing crimes, with over a million Americans affected each year. Credit Union of Denver prioritizes your security and provides useful tips, advanced security measures, and dedicated support to help you stay safe. Here are some ways to keep yourself protected from identity theft and stay safe in the digital landscape.
I think my Identity was stolen. What should I do?
Go to the Federal Trade Commission's IdentityTheft.gov to report it and fill out a form to receive a personal recovery plan. This plan walks you through all you need to know about protecting yourself from fraud and recovering your identity.
Freeze Your Credit
A credit freeze blocks any new lines of credit, preventing bad actors from opening new cards or accounts in your name. You can initiate a freeze for free and without impacting your credit score. This can be done online or by phone for each of the three major credit reporting agencies Equifax, Experian, and TransUnion.
If your credit is continually frozen it adds that extra layer of protection. Just remember to lift the freeze temporarily if you are obtaining or applying for something that requires a credit check.
Monitor Your Credit Reports
To spot identity theft, request one free credit report once a year from each of the three major credit bureaus. Look for unfamiliar activity, such as a new account you didn't open. Also watch your credit card and bank statements too for unexpected charges and payments. Did you know that you can review your TransUnion credit report within Digital Banking? Its easy, sign up for Credit Score & More!
Consider Dark Web & Credit Monitoring Service
A credit monitoring service can constantly monitor your credit report and alert you when it detects unusual activity. Set fraud alerts that notify you if someone is trying to use your identity to create credit. There are also services to monitor your accounts and scan the dark web to guard against identity theft.
Safeguard Your Current Accounts
While identity theft poses a risk for new accounts being opened in your name, it also puts your current accounts at risk for account take over.
- Use Strong Passwords: Ensure each account has a unique, complex password containing a mix of upper- and lower-case letters, numbers and special characters. You should also change these periodically. A password manager can help you manage this.
- Enable Two-Factor Authentication: This adds an extra layer of security by requiring a second form of identification before access an account. This is usually a code sent or linked to your phone, like a text message or an authenticator app.
- Secure Unused Accounts: If you have accounts that you have not signed up for online access to yet, those are especially vulnerable. Often it can be easier for thieves to create a new login and password while pretending to be you than it is for them to crack an existing login and password. Take charge of all your accounts before a bad character does.
Fight “Phishing” – Don’t Take the Bait
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Scammers rely on people to reveal sensitive information about themselves just as much as hacked data. Scammers often impersonate trusted institutions via email or text. Never click on links or provide personal information in response to unsolicited messages. Contact the organization directly using a known phone number if you’re unsure.
Protect Your Online Presence
- Limit your profile visibility: Set social media accounts to private and review your privacy settings. Avoid sharing too much personal information that hackers could use to impersonate you.
- Delete old accounts: If you have accounts that you don’t use any more, go ahead and delete them. This reduces the amount of personal information you have sitting online.
Ask Questions When Your Personal Information Is Requested
When a business or organization asks for personal information, like your Social Security Number, ask how it will be used, shared, and protected. The fewer places that have your information, the fewer opportunities for your data to be stolen by hackers. If you’re uneasy with the answers, consider whether to provide your information or take your business elsewhere.
When it comes to protecting yourself from identity theft, staying informed and proactive can greatly reduce your risk of falling victim. At Credit Union of Denver, we’re here to support you and your financial health. If you ever have concerns about your account or need assistance, don’t hesitate to reach out to us.
For more cyber security information and tips, visit our Security Center. Sign up for security newsletters to keep you informed about the latest fraudulent activity.