Fraud happens every single day. Criminals are constantly looking for new ways to steal money, personal details, or even your identity. In fact, more than 5.8 million fraud complaints were filed nationwide in 2021, and identity theft alone cost Americans nearly $17 billion just a couple of years earlier.
Here are some simple steps you can take to protect yourself and your hard-earned money:
Keep your personal information private
Never share your Social Security number, account details, or passwords with anyone who contacts you unexpectedly, whether by phone, text, or email. Protect your PINs and passwords by using a mix of letters and numbers, and change them regularly. Avoid posting personal information on social media that could be used against you.
Shred before you toss
Before throwing away bank statements, receipts, or credit card offers, shred them to keep fraudsters from digging up your information.
Watch your mailbox
Thieves often look for paper statements or bills. To reduce the risk, consider switching to eStatements. With eStatements, you get secure, instant access to your account information without the risk of stolen mail. Pair it with Bill Pay to make payments safely online – no envelopes, no stamps, no worries.
Use Digital Banking to protect yourself
Use Online and Mobile Banking to monitor your financial accounts regularly for any suspicious or fraudulent transactions. Set up for customized account alerts for large or unusual transactions so you’re notified right away if something doesn’t look right.
Check your credit report
Staying on top of your credit is one of the best ways to spot fraud early. Visit annualcreditreport.com to order a free report every four months from the three major credit bureaus.
Protect your devices
- On your computer: Keep antivirus software current and check that websites are secure (look for “https” and a padlock in the address bar).
- On your phone or tablet: Use a passcode and erase your data before selling or donating your device. Be careful about downloading apps and never click links from people you don’t recognize.
Act quickly if you suspect fraud
If you think you’ve been a victim of fraud:
- Call Colony Bank right away so we can help protect your accounts.
- Contact the credit bureaus to place a fraud alert or credit freeze:
- Equifax: (800) 525-6285
- Experian: (888) 397-3742
- TransUnion: (800) 680-7289
- Report it to the Federal Trade Commission at 1-877-438-4338.
- File a police report and keep a record of everyone you talk to.
Fraud prevention starts with awareness. By taking a few simple steps, you can protect yourself, your money, and your future. And remember—if you ever notice something suspicious, contact Colony Bank immediately. We’re committed to keeping our customers safe.
