Protecting Yourself from Identity TheftSubmitted by Butera Wealth Management, LLC on May 7th, 2019
One of my associates has had to cancel and replace her debit card twice in the last three months due to fraudulent charges. Luckily her bank’s security algorithms caught on quickly that jewelry store purchases made 1,000 miles from her home were suspicious (the first time), and that she was unlikely to have charged $500+ at a truck stop in Utah (the second time).
But financial crimes like card skimming (collecting your card data with a small device when you use a legitimate ATM or gas pump pay station), phishing (fraudulent emails that appear to be from a bank or other institution that lure you to click), phone scams (pretending to be the IRS or law enforcement to convince you to give out personal data or pay them money) and online data hacking (stealing the customer database from large retailers and institutions) are becoming distressingly common, despite the best efforts of financial and data security specialists to keep up.
Learn how you can better protect yourself from the risks of identity theft, in this article from Kiplingers: