Identity theft continues to plague our world and the lives of many. But with new technologies on the rise, banks and financial institutions are combating the issue head on to keep consumers like you safe and secure.
A new technology already widely available throughout the rest of the world is a chip-and-pin card, also known as an EMV or smart card. Thanks to a computer chip embedded within these, criminals are being prevented from developing counterfeit cards and the risk of fraud has become dramatically reduced.
But as always, it’s ultimately up to you, the consumer, to protect your identity. Here are some ways you can stay secure:
•Use Strong Passwords: Creating a stronger password is easy. Despite the thought that longer passwords are difficult to remember, there are easy ways you can complicate your passwords without confusing yourself each time you login somewhere. Never use the same password for all your online logins and remember to use capital letters, numbers, and symbols in your password.
•Monitor Your Accounts: If you’re not already banking online, one huge advantage to doing so is simply that you have instantaneous access to your bank account activity. Which means, if you ever become a victim of identity theft, you’ll be able to see any suspicious activity straight away. Check your accounts daily and monitor carefully for any irregularities.
•Don’t Provide Information via Email: Identity thieves have become sophisticated in the lengths they’ll go to get your personal information. Because of this, it’s crucial to never provide any information by email. The government, your bank, and other financial institutions will never ask for anything online – and often, thieves will pose as these institutions to throw you off. Don’t fall for it.