Tips For Staying Financially Safe This Summer
With summer right around the corner, it is time for vacations, adventures and making memories. As you travel, you may be at a higher risk for common financial scams and identity theft. Don't let these threats put a damper on your summer plans! By familiarizing yourself, you can take proactive steps to avoid digital fraud, protect your identity, assets and hard-earned vacation funds.
Tip 1: Avoid Public WiFi/Use VPN
Public WiFi networks, while convenient, are often not secure. When accessing personal information or performing financial transactions, use a Virtual Private Network (VPN) to encrypt your data and shield your activities from prying eyes.
Tip 2: Carry Only Essential Cards and ID
To minimize the risk of theft, it's wise to carry only the essential cards and identification you truly need. A thick wallet not only draws attention from potential thieves but also amplifies the hassle if lost, as you'll need to secure numerous accounts. Carry only the cards and cash that are necessary for a secure and worry-free day.
Tip 3: Guard Laptops & Phone Usage in Public
Electronic devices hold vast amounts of personal information. When using them in public, it's crucial to stay vigilant and keep a close eye on your devices. Make sure they're protected with robust passwords and utilize biometric locks or two-factor authentication where available to enhance security. Password protection is your first line of defense. Never share your login credentials.
Tip 4: Inform Your Bank or Credit Union of Travel Plans
Notifying your financial institution of your travel plans can help them monitor suspicious activities and prevent unwarranted blocks on your cards when you're far from home. This communication helps in distinguishing legitimate transactions from potential fraud.
Tip 5: Monitor Financial Transactions
Regular monitoring of your transactions through digital banking services allows you to spot and report any unauthorized activities quickly. Frequent checks ensure you're always on top of your accounts and report digital fraud quickly.
Tip 6: Set-Up Fraud Alerts
Setting up card fraud and digital banking alerts on your credit and debit cards can provide an immediate notification of suspicious activities, allowing you to act swiftly in securing your accounts. This proactive measure is vital in preventing potential losses and there are typically no charges for this service
Tip 7: Don’t Give Out Personal Information
Phishing scams often involve attempts to acquire sensitive personal information such as usernames, passwords and banking details. Remember, legitimate banks and credit unions will never ask for your digital banking credentials or passwords via email or phone including security codes sent via text or email. Always verify the source before divulging any information.
How KEMBA Can Help
KEMBA Financial Credit Union is dedicated to ensuring the safety and integrity of your personal information. Our robust digital banking app, credit card fraud alerts and dedicated associates are here to help protect your financial well-being. Additionally, our educational resources like out Cybersecurity Center, are designed to keep you informed and prepared against potential threats.