Don’t Fall For Identity Theft

Posted October 30 2017
by PenFed Your Money
Don’t Fall for Identity Theft - PenFed Your Money Blog

To many of us, autumn will always feel like Back to School — time to get back to the books and the business. Fall is the perfect time to refresh your financial security set-up and make sure your data is protected against identity theft.

Quick action is the key to successfully recovering from identity theft. But how do you know if you’ve been compromised? Any of these things should raise your eyebrow. If any of them happen to you, check to see if your security may have been breached.

  • Your check, debit or credit card is rejected for payment at the store.
  • Your normal bills don’t arrive in the mail.
  • You receive a credit card you never applied for.
  • You receive a bill in your name for an account you don’t recognize.
  • Your credit report lists accounts you don’t recognize.
  • Debt collectors or companies call about payments for things you didn't buy.
  • You spot withdrawals or purchases on your bank or credit card statement you don’t recognize.
  • You receive notice that your personal data may have been compromised by a data breach somewhere you’ve shopped or keep an account.

Guard your information

PenFed is invested in the safety and security of your personal and financial information. Our commitment to your privacy includes:

  • EMV chip-enabled cards
  • $0 liability for unauthorized charges
  • 24/7 fraud monitoring
  • Automatic time-outs on PenFed Online to close out inactive log-ins
  • Truncated account numbers help secure electronic statements

Don’t wait until you suspect you’ve been compromised to lock down your personal and financial data. As a member of PenFed, you can take these steps right now to make it harder for hackers and data thieves to get their mitts on your information.

Register for text alerts. You’ll be instantly alerted of suspicious transactions when you’re signed up for text alerts from PenFed. We’ll alert you by text message within minutes of unusual activity on your accounts. Respond via text to validate the transaction or let us know the transaction was unauthorized.

Protect your personal data

Preventing identify theft begins with keeping your personal information secure. The U.S. Federal Trade Commission recommends four key strategies:

  1. Know who you share information with.
  2. Store and dispose of your personal information securely, especially anything with your Social Security number.
  3. Ask questions before deciding to share your personal information.
  4. Maintain appropriate security on your computer and electronic devices.

PenFed will never contact you (via phone or text or email) and ask for your card number and PIN.

How can we help you do better? Visit the PenFed Card Security Center for more ways to keep your information and accounts safe and secure.