Though the internet has many advantages, it can also make users vulnerable to fraud, identity theft and other scams. According to a Norton Cybercrime Report, 556 million adults worldwide were victims of cybercrime in 2012. The American Bankers Association recommends the following tips to keep you safe online:
Keep your computers and mobile devices up to date.
Set strong passwords.
Watch out for phishing scams.
Forward phishing emails to the Federal Trade Commission (FTC) at firstname.lastname@example.org– and to the company, bank, or organization impersonated in the email.
Keep personal information personal.
Secure your internet connection.
Read the site’s privacy policies.
Be wary of pop-ups or ads offering free security scans.
Mobile Banking Safety Tips
Be proactive in securing the mobile device itself. Depending on what security options are available on your device,create a "strong" password (consisting of unusual combinations of upper- and lower-case letters, numbers and symbols) or PIN (with random numbers instead of, say, 1234 or the last four digits of your Social Security number)and periodically change it. Also, never leave your mobile device unattended and make sure you have the "time-out" or "auto-lock" feature that secures your mobile device when it is left unused for a certain period of time.
Be careful about where and how you conduct transactions. Don't use an unsecured Wi-Fi network, such as those found at coffee shops, because fraud artists might be able to access the information you are transmitting or viewing. Also, don't send account numbers or other sensitive information through regular e-mails or text messages because those are not necessarily secure.
Take additional precautions in case your device is lost or stolen. Check with your wireless provider in advance to find out about features that enable you to remotely erase content or turn off access to your device or account if you lose your phone. Quickly contact your financial services providers to let them know about the loss or theft of your device. Notifying your bank quickly will help prevent or resolve problems with unauthorized transactions.
Research any application("app") before downloading it. Just because the name of an app resembles the name of your bank —or of another company you're familiar with — don't assume that it is the official one of that bank or company. It could be a fraudulent app designed to trick users into believing that the service is legitimate.
Be on guard against unsolicited e-mails or text messages appearing to link to a financial institution's Web site. Those could be "phishing" messages containing some sort of urgent request (such as a warning that you need to "verify" bank account or other personal information) or an amazing offer (one that is "too good to be true") designed to lead you to a fake Web site controlled by thieves.
Financial Abuse of the Elderly
It’s more common than you think!
The FDIC offers the information below on how to spot and prevent financial abuse. As always, contact us at Peoples Bank if you suspect a financial crime is being committed against an elderly person.
Again, if you have any questions about your bank account activity, etc., call us at Peoples Bank for information.