Cybersecurity Awareness Month

In today's digital age, where personal information is constantly being collected, shared, and stored online, protecting your identity has become more crucial than ever. With the increasing sophistication of cybercriminals and the growing number of data breaches, the risk of identity theft has skyrocketed.

How Thieves Use Stolen Identities

Identity thieves can use your stolen information to do a variety of harmful things, including:

• Opening new credit cards: Thieves can use your personal information to open new credit cards and run up large balances.
• Taking out loans: Thieves can use your personal information to take out loans in your name.
• Committing identity theft: Thieves can use your personal information to commit identity theft, which can damage your credit score and make it difficult to get a loan or a job.
• Filing false tax returns: Thieves can use your personal information to file false tax returns and steal your tax refund.

Tips for Protecting Your Identity

• Monitor your credit reports: Check your credit reports regularly for any unauthorized activity. You can get a free credit report from each of the three major credit bureaus (Equifax, TransUnion, Experian) once a year.
• Use strong passwords: Create strong passwords that are difficult to guess. Use a combination of upper and lowercase letters, numbers, and symbols.
• Be careful what you share online: Be careful about what personal information you share online, especially on social media.
• Use secure Wi-Fi networks: Avoid using public Wi-Fi networks for sensitive activities, such as online banking or shopping.  
• Protect your physical mail: Shred any documents that contain personal information, such as credit card statements or utility bills.

Protecting your identity is an ongoing process that requires vigilance and proactive measures. By following the tips outlined, you can significantly reduce your risk of falling victim to identity theft. Remember to monitor your credit reports regularly, use strong and unique passwords, be cautious about sharing personal information online, and protect your physical mail. Additionally, stay informed about the latest identity theft trends and scams to ensure you are equipped to safeguard your personal information.

Want to know if your email is compromised?
Check out haveibeenpwned.com

Online shopping is convenient, but it comes with risks such as identity theft, fraud, and data breaches. Here are some tips and resources to help you stay safe while shopping online. 

Tips for Safe Online Shopping

1. Use Secure Websites
1. When shopping online, always check for security features on the website:
• Look for "https://" at the beginning of the URL, indicating a secure connection.
• Ensure there's a padlock symbol in the browser address bar.
• Avoid shopping on unfamiliar websites or sites that lack secure payment gateways.
2. Enable Alerts for Transactions
   Set up alerts with your bank or credit card provider to be notified of any purchases made with your card. This allows you to immediately catch any suspicious or unauthorized activity.
3. Check for Return and Refund Policies
   Before making any purchase, review the return, exchange, and refund policies. Reputable retailers will have clear guidelines, which also adds credibility to the site.
4. Research Before You Buy
   Look up the website or the seller's reviews before making a purchase. Read customer feedback and ensure the site or marketplace has a solid reputation.
5. Prefer Credit Over Debit
   Use a credit card instead of a debit card when shopping online. Credit cards often provide better protection against fraud and unauthorized purchases.
6. Limit Personal Information When Checking Out
   Only fill out the required fields when making a purchase. Be cautious if an online store asks for information like Social Security numbers or other sensitive personal data.
7. Use Browser Extensions for Extra Security
   Install browser extensions that block malicious websites and offer additional protection while shopping online. Examples include HTTPS Everywhere or privacy-focused ad blockers.
8. Avoid Clicking on Ads
   Refrain from clicking on pop-up ads or ads on websites. Instead, navigate directly to the retailer’s official site to avoid fake stores that could steal your information.
9. Utilize Temporary or Virtual/Lower Limit Credit Cards
   Some banks and credit card companies offer temporary or virtual credit card numbers for online purchases. These expire after one use or having a low credit limit, provides an additional layer of security.

Banking scams is a growing threat in today's digital age, with cybercriminals constantly developing new ways to exploit unsuspecting individuals. Awareness of common fraud tactics and adopting safe practices can help protect your finances.

TIPS TO AVOID BANKING SCAMS:

1. Use Strong Passwords and Enable Two-Factor Authentication (2FA)
   A strong password means a strong defense against hackers.  Avoid reusing passwords across multiple platforms. Whenever possible, Enable two-factor authentication (2FA).  2FA adds an extra layer of security, requiring a second form of verification, such as a code sent to your phone.  Enable biometrics like Touch ID or Face ID to upgrade your overall internet safety.

2. Keep Your Devices Up to Date
   Keeping your phone, tablet, and computer up to date with the latest browsers and operating systems helps protect against vulnerabilities that hackers can exploit.  Cybercriminals often exploit vulnerabilities in outdated software to gain access to your information. Keep your devices and banking apps updated with the latest security patches to prevent unauthorized access.

3. Beware of Phishing/Vishing Scams
   Phishing and vishing are common tactics where fraudsters impersonate legitimate organizations, often through emails, texts, or phone calls, to trick you into providing sensitive information. Always double-check the sender’s email address and avoid clicking on suspicious links. Banks will never ask for personal details, such as passwords or account numbers, through unsolicited messages.

4. Avoid Public Wi-Fi for Banking
   Public Wi-Fi networks are notoriously insecure, making it easier for hackers to intercept your information. Avoid logging into your banking apps or conducting financial transactions over public or unsecured Wi-Fi connections.

5. Monitor Account Activity
   Regularly review your bank statements and online accounts for unauthorized transactions. Set up mobile alerts for real-time notifications of activities on your credit card, debit card, and bank accounts. Quick detection of fraudulent activity can help minimize damage.

6. Know the Warning Signs
   Be wary of any communication urging immediate action, such as "your account has been suspended" or "unauthorized access detected." These are often scare tactics designed to make you act impulsively. Always contact your bank directly using official channels to verify any claims.

7. Report Suspicious Activity Immediately
   If you suspect fraud or notice any suspicious activity on your account, contact your bank immediately. Banks have dedicated teams to investigate fraud, and quick reporting can often prevent further losses.

By staying vigilant and adopting these cybersecurity measures, you can greatly reduce the risk of falling victim to banking fraud. Always remember: if something seems suspicious, it's better to double-check than to risk your financial security.

[Source: Bank of America, Farmers & Merchants Bank]