Tools to Prevent Identity Theft

Computer Security Concept

According to the 2017 Identity Theft Study by Javelin Strategy & Research, 15.4 million Americans experienced identity theft in 2016. Approximately $16 billion was stolen. As the incidence rate of identity theft continues to increase every year, banks are taking great measures to protect your identity and accounts against fraud. To name a few: stringent bank privacy policies to protect your personal financial information, online password protection and the encryption of online transactions that converts your information into secure code.

Prevent These Crimes Before They Happen

For financial institutions, maximum security is only possible with your help. The following nine precautions can help stop identity theft in its tracks.

  1. Don’t share your card numbers or SSN with anyone, unless you know the source is legitimate.
  2. Report lost or stolen checks immediately, so your bank can block payment on them.
  3. Notify your bank of suspicious phone calls that ask for account information for “verification”.
  4. Closely guard your PIN at the ATM and keep your receipts.
  5. Shred financial solicitations and bank statements after review.
  6. Put outgoing mail in a secure, official Postal Service collection box.
  7. If regular bills fail to reach you, call the company to find out why.
  8. If your bills include questionable items, investigate immediately to prevent further fraud.
  9. Periodically contact the major credit report companies – Equifax, Experian and TransUnion – to review your file and make sure the information is correct.

FACT Act Helps to Fight Identity Theft

The Fair and Accurate Credit Transaction (FACT) Act was passed in 2003 to help prevent identity theft. Endorsed by Congress and the Federal Trade Commission (FTC), consumers can receive a free copy of their credit report from the three major agencies because of FACT.

Another FACT Act measure against identity theft is the National Fraud Alert System. If you believe you are the victim of identity theft or are a military member away on active duty, you can place a credit alert. As a result, creditors will know to be cautious when granting credit to someone who claims to be you.

If you have any questions about protecting your financial identity, contact Ion Bank today!

Have Questions? Find Answers.

Attention: You are leaving the Ion Bank website.

The links to third party websites are provided solely as a matter of convenience to the visitors of the Ion Bank ("Bank") website. When you use a hyperlink to visit the website of another person or entity, you leave the Bank's website. Your use of hyperlinks to the websites of others is at your own risk.

The content, accuracy, and opinions expressed and other links provided by these resources are not investigated, verified, monitored or endorsed by the Bank. The Bank has no responsibility for products and services offered through another entity's website. The Bank makes no warranties as to the operation or usefulness of other websites. Other website operators may collect information about you and use such information in accordance with their policies and procedures. If you have any questions about another entity's use of your personal information, you should review that entity's privacy policies and/or ask that entity directly. We are not responsible for another entity's use of your information.

Click the OK button to leave Ion Bank's Internet site. Click the Cancel button to return to the previous page.

Cancel
OK