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Fighting Fraud One Good Habit At A Time

Authored By: Genisys Credit Union on 7/31/2019

Young Woman Sending Text Message With an Open Hand Doing Stop Sign

Theft is a scary thing to think about, especially when your identity and hard earned money can be on the line. Personal identity is one of the most precious things we own and it carries much more weight than one would expect. Protecting your identity can be difficult, especially when it’s something used every day in every situation.

Consumer Reports recommends consumers get serious, not scared. IdentityForce found that 6.64% of consumers became victims of identity fraud in 2017. There are many resources available and steps to be taken to fight fraud that makes it easy to get out in front of potential hackers.

 

 

Try these things when protecting personal identity:

Securing personal identity is only half the battle. According to creditcards.com there were 13 million credit fraud complaints in 2016. To avoid this stressful situation, keep cards private and secured. 

Many wallets now come with RFID (Radio Frequency Identification) protection slots for cards, which prevents them from being read and duplicated with screening devices. This simple feature comes with most wallets on the market and is an easy way to get out in front of thieves.

Tips for protecting from credit card fraud:

Protecting personal identity and information does not have to be stressful or challenging. Take smart steps to success and safety through these easy daily practices. A number of Identity Theft protection services are available and vary in cost and levels of protection. Genisys Credit Union offers a no-cost service to protect its members called Cyber Scout Identity Theft.

 

© Genisys Credit Union and www.genisyscu.org, 2019.  Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited.  Excerpts and links may be used, provided that full and clear credit is given to Genisys Credit Union and www.genisyscu.org with appropriate and specific direction to the original content.

Sources:

https://www.wellsfargo.com/privacy-security/fraud/protect/fraud-tips/

https://www.discover.com/credit-cards/resources/protect-yourself-from-fraud/

https://www.creditcards.com/statistics/credit-card-security-id-theft-fraud-statistics-1276/

https://www.thebalance.com/ways-avoid-credit-card-fraud-960797

https://www.creditcards.com/credit-card-news/help/9-tips-protecting-credit-cards-credit-score-6000.php

https://losspreventionmedia.com/rfid-wallets-are-they-necessary/

https://www.identityforce.com/blog/identity-theft-odds-identity-theft-statistics

 



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