Think you don’t need identity theft protection? Think again.
Identity theft is consistently the number one complaint to the Federal Trade Commission. Rampant data breaches are putting consumers at great risk of identity theft. It can happen to anyone—regardless of your age and income, where you live, or how careful you are.
Restoring your identity on your own can be time-consuming and stressful. After a while, some people give up, leaving them to contend with the aftermath of identity theft for years to come, including fraudulent bills, collections activity, damaged credit and even criminal records.
We Florida Financial is pleased to provide We Protect identity theft detection and recovery services as a checking account benefit. We have partnered with NXG Strategies, one of the nation’s most trusted names in identity theft protection, to provide you with access to a comprehensive suite of services to address fraud caused by identity theft if it happens to you or your family member. These services include:
Credit and Debit Card Fraud To Look Out For
The use of debit and credit cards to make payments in a bid to stick to a predetermined budget is on the rise. For scammers, the use of such presents a lucrative opportunity. According to FICO a data analytics company based in the US, there has been a rise in the number of compromised cards at ATMs and point-of-sale systems since 2017.
Credit/debit card fraud refers to the process through which scammers use of someone else’s credit or debit card details to make payment for goods or services or receive funds.
Common Types of Credit and Debit Card Fraud
As technology advances, so are the ways through which scammers, hackers, and identity thieves can take your financial data. Some of the credit card frauds you should look out for include:
This takes place when scammers pose as bank personnel and send fake e-mails to credit or debit card holders asking them for their personal information. They could ask you to reply directly or click on a link that redirects you to a website where you are required to fill in this information including your credit or debit card numbers.
Finally, some of the ways through which you can prevent credit or debit card fraud include:
- Always keep your debit or credit card safe
- Avoiding sharing your card information
- Destroying any document that has your card information
- Reporting your lost or stolen card immediately