Mar
03
It is a good idea to take time to think about how you can be financially safe. However, the scammers out there have become so smart that it becomes easy to fall into their traps.
Set Up Text Alerts
If you like keeping a smartphone near you and like checking it often, it can be your first line of defense against fraud. Usually, it is free to sign up with your bank or credit card provider to receive text alerts whenever your card is used. This can save you headaches. After using your card, you will get an alert telling you that your card has been used.
Do Not Give Financial Information Over Phone
Usually, financial institutions will not call you to ask for financial information over the phone. Instead, they will send a letter. Even if a caller claims to be from customer service or a fraud department, you should not share any information with them. Just hang up and contact the customer support yourself to find out whether the problem is real. You should not contact any other number given to you by the purported support.
Do Not Believe Everything
Anytime you see an advertisement by someone you know or even a celeb, you need to be careful. You should check the official website of that person and see whether the service or product that is being promoted is there. You should never trust; you ought to verify.
Learn Financial Safety Habits
The process of protecting your financial data and information ought to be an ongoing job. Even if you are retired, you have to learn to stay ahead of the fraudsters. Therefore, you should take advantage of the different tools and resources available.
Check Your Credit Reports
Each month, you should request a credit report. Remember that you can get a free report annually from different credit bureaus. When you send your inquiries on a routine basis, you are monitoring your financial data throughout the year.
Change Passwords
You should consider creating new passwords twice annually. It is a good idea to use two-step authentication. In this case, you are not only using your username and password, but also codes. This can help you to keep your different accounts safe.…