What is Identity Theft?
The act in which someone uses your name, Social Security number or any other personal, financial, or medical information without your permission to commit fraud or other crimes. Threats like phishing, vishing, malware or hacking can lead to identity theft.
How do I Protect Myself?
How do you protect against any threat in your life? Knowledge and knowing what to look for, Education is the number one protection against the threat of Identity theft. Logan Bank & Trust cares about your Identity and we want to help educate you on some common types of Identity theft and how to keep watch on yourself.
Types of Scams
Phishing is an email scam sent out to steal your personal information. Most phishing emails claim to be from a company you know or use like you financial Institution, credit card companies, etc. These emails may state that there is a problem with your account or other things that lure you into handing over your personal information. .
Vishing is similar to phishing, but using a phone call instead of email. The telephone is one of the most often used sources for criminal activity. Here’s how it works. Your phone rings. The caller claims to be from your financial institution, or any other source. They begin asking questions about you and your account. This could be a telephone scam called Vishing. Someone is attempting to steal your identity. And it happens to millions of Americans every year.
Logan Bank & Trust will never email or call you to ask for your personal information
Make sure you have anti-virus and anti-spyware software installed on your computer, keep them updated and run scans often.
Use strong passwords that are hard to figure out on secure sites.
Be careful browsing the internet and watch what you download and how your computer acts. Spyware can be downloaded very easily and can cause frequent pop-ups, errors and slowness.
Are you careful using public computers? Browsing information can be stored in history and cookies on computers. If the computer is available to others and you perform personal transactions, these may be available to others.
Use a paper shredder to dispose of papers with account or personal information.
Review your credit reports, watch for unauthorized activity debts or accounts. Verify your address and other personal information is correct
Business customers who access their accounts online should periodically perform risk assessments and evualate controls in place.
Report lost or stolen debit/ATM cards within two business days. If you lose your debit/ATM card (or other access device) report it immediately.
By contacting your financial institution within two business days of discovering the loss, you limit your liability to $50. Waiting more than two business days to report the loss increases your liability up to $500.
Important! Review your statement every month. If you find an unauthorized electronic transaction, you have 60 days to report it to your financial institution in order to limit the amount for which you are liable. If you wait more than 60 days you become liable for the unauthorized transactions.
So review your statements every month and report any suspicious activity immediately.
What if I’m a victim?
1. Put a fraud alert on your credit report. Contact any one of the three nationwide credit reporting companies, and ask them to put a fraud alert on your credit report:
• Equifax: 1-800-525-6285
• Experian: 1-888-397-3742
• TransUnion: 1-800-680-7289
A fraud alert can make it harder for an identity thief to open any accounts in your name. The alert stays on your credit report for at least 90 days. After you create an Identity Theft Report, you can ask for an extended alert on your file.
2. Contact Logan Bank & Trust, other financial institutions, credit card companies, or other related vendors immediately
3. File an identity theft complaint with the FTC:
4. File a report with the local Police
Fraud Victim Assistance Division
P.O. Box 6790
Fullerton, CA 92834-6790
P.O. Box 740241
Atlanta, GA 30374-0241
Experian: 1-888- 397-3742
P.O. Box 9554
Allen, TX 75013
Federal Trade Commission
600 Pennsylvania Avenue, NW
Washington, DC 20580