How To Protect Yourself From Cyber Fraud and ID Theft

Are you afraid to use online banking services?  Apparently, despite the popularity of online banking and online access services, many consumers are still hesitant to make use of these features.   A recent survey conducted by Javelin Strategy and Research (https://www.javelinstrategy.com/news/831/92/1 ) reveals that in 2009, 11.1 Million adults have become victims of ID theft, with losses averaging at $750 per victim.



Nevertheless, James Van Dyke, president and founder of Javelin Strategy & Research has made a positive conclusion, stating that “consumers are getting more aggressive in monitoring, detecting and preventing fraud with the help of technology and partnerships with financial institutions, government agencies and resolution services.”

What can you do to protect yourself from cyber fraud and ID theft?  Check out these essential steps:

Install anti-virus software.

After installing your anti-virus software, make sure that it is updated regularly to protect your computer system.  Install anti-spyware software as well.  Many anti-virus programs offer complete protection in one package.

Watch out for information verification requests online or over the phone.

Fraudsters may send an email requesting you to provide your personal information or account information for “verification” purposes.  Sometimes, you might be prompted to click on a link which leads to a phishing website.  At first glance, the website may look exactly like your bank’s website and it might be difficult to detect the difference.  To be sure, never give out information through email or even over the telephone.  Keep in mind that a legitimate company will never verify confidential information in this manner.

 

Do not post personal details on websites.

Do not provide your exact birth date, place of birth, address, and even trivial information such as your mother’s maiden name or pet’s name on online forums and social networking websites.  These details are often used in verification questions when retrieving passwords.

Monitor your accounts.

Keep track of your accounts regularly.  Be alert for any unusual activities reflected on your account.  Call up your creditor right away and inform them about these unauthorized activities.

[GOOD READ:  Tell Tale Signs That You Are A Victim of Identity Theft ]

 

Monitor your credit report regularly.

Check your credit report at least twice a year.  Order your one free copy from annualcreditreport.com or call 877-322-8228.

 

Do not access your online account using a public computer or wi-fi access.

As much as possible, do not check your bank account from a computer shop or places that offers wireless access.

 

Check website security.

A secured website must always begin with “https,” instead of “http”. You should also see a lock icon on the bottom-right corner of the browser window.


IS THIS ARTICLE HELPFUL? SHARE THIS OR LEAVE A COMMENT.

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

We will be happy to hear your thoughts

Leave a reply

NHBS Inc © 2024

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

Business Loans

Consumer Loans

New Horizon
Logo
Enable registration in settings - general