5. Utilize alerts
Many financial institutions will notify you via text or email when transactions are made on your accounts. Sign up to get notified when and when your credit cards are used, withdrawals or deposits to financial statements, and more.
6. Watch your mailbox
Stolen mail is one of the quickest ways to a stolen identity. If you’re going out of town, have your mail held. Consider a lockable mailbox that the United States Postal Service approves. You can also sign up for Informed Delivery through the USPS, which offers you a preview of your mail so you can see if anything is missing.
7. Shred, shred, shred
Any credit card, bank, or investment statements that someone could find in your garbage should not have been there in the first place. Shred junk mail as well, especially pre-approved credit offers.
8. Make use of a digital wallet
If you’re purchasing online or in a store, utilize a digital wallet, an app that contains safe, digital versions of credit and debit cards. You can use it to shop online or at a compatible checkout terminal. Transactions are tokenized and encrypted, making them safer. In addition, contactless purchases pose fewer health concerns.
9. Keep your mobile devices safe
Mobile devices can pose a severe threat. According to the Javelin survey, only 48% of us frequently lock our mobile devices. Use passwords on your electronic gadgets. When banking on your mobile device, use a banking app rather than a mobile browser.
10. Check your credit reports frequently.
The three major credit reporting bureaus provide consumers with a free credit report every week until April 20, 2022. Check to ensure that any accounts in forbearance or deferment are correctly reported, and keep an eye out for any indicators of fraud. You can also sign up for a free credit report and score from NerdWallet and receive alerts when there are changes.
11 Maintain a close eye on financial and medical statements
Examine the financial statements. Make sure that you recognize every transaction. Know the due dates and contact to inquire if you do not receive an expected bill. To prevent health care fraud, review “explanation of benefits” statements to ensure you recognize the services offered.
