October Is National Cyber Security Awareness Month

Posted October 17 2017
by PenFed Your Money
October Is National Cyber Security Awareness Month - PenFed Your Money Blog

October is National Cyber Security awareness month. With recent data breaches in news headlines, fraud prevention and online security are among the top concerns we are hearing from PenFed members.

Remember, you are not powerless against identity thieves. There are many steps you can take to guard yourself from online attackers. Use these five simple tips to get started.

1. Keep all your online banking User IDs and Passwords in a secure location—Never give out or write them down.

2. Use best practices when creating passwords and selecting account recovery questions and answers.

3. Setup account alerts in PenFed Online Banking to monitor unusual activity including:

  • Large transaction amounts
  • Changes to passwords, address, or other personal account information

4. At least once each year, carefully review your credit reports, even if you don’t suspect unusual activity. Inquires from unfamiliar companies or accounts you don’t recall opening could be warning signs of fraud or identity theft.

  • Federal law requires each of the top three credit reporting agencies a free credit report every 12 months if you ask for it. You can request yours by visiting AnnualCreditReport.com or by calling     1-877-FACTACT (1-877-322-8228)
  • Learn more about credit scores, reports, and how to dispute inaccurate information in our Learning Hub.

5. Consider signing up for credit/identity theft monitoring services. If you are only interested in monitoring your credit report, there are many free services available that offer one-bureau reporting. Note most free services will not work with you to resolve any cases of identity theft. You should not expect any insurance or a dedicated help line (both are common features among leading paid subscription services).

To learn more steps you can take to protect yourself from cyber fraud and identity theft, visit PenFed’s Security and Fraud Hub.

If you believe you have been a victim of identity theft, visit IdentityTheft.gov to file a report and get a recovery plan.