Identity theft is using someone else’s private identifying information without their permission, usually for their financial gain. In this day and age, it’s important to protect yourself from identity theft and the potential of a messy financial situation. 

Here are 5 ways to keep yourself protected.

1.       Guard your Social Security Number

Your Social Security number is the gateway to your personal information. Don’t carry your card with you. Memorize the number and keep it in a safe place that is only accessible to you.

2.       Create Strong Passwords

Using a different password for every account you have is a smart tactic. A mix of letters (capitalized and lowercase), numbers and special characters can make it hard for someone to guess what your password may be.

3.       Invest in a Shredder

A basic shredder can be an inexpensive solution to help protect your information. Shred junk mail, credit card and bank statements or anything with personal information. “Dumpster divers” won’t think twice about shredded pieces of paper!

4.       Protect your Mobile Devices

Protect your mobile device and apps on the device with strong passwords. Our Falcon National Bank App allows you to log in with your fingerprint. This will help protect anyone that isn’t you from trying to log into your online bank account.

5.       Review your Accounts Regularly

Check your credit card and bank statements on a monthly basis for any irregularities. Many banks will allow you to turn your card off if you suspect foul play. Balancing your account each month helps you keep an eye on your finances. Sign up for electronic statements with your financial provider. This eliminates the paper trail of statements, allowing you to view your statement on a secure network.

Most importantly, STAY ALERT! Be aware of your surroundings when you are out and about. Keep your cards in your wallet, not in your pocket. Keep an eye on your accounts for any odd transactions. Most online banking accounts allow you to set alerts for when transactions exceed a certain amount, helping you spot fraud before it spirals out of control. The quicker you can detect fraud, the less repercussions you will have to face when it comes to your financial life.

Another great resource to reference is the Federal Trade Commission. There you will learn more about how to protect yourself, as well as find ways to help report and recover from identity theft.

Remember, there is no sure-fire way to completely protect yourself from identity theft but keeping an eye on your financial situation and following the above tips can help!