October 28, 2015
Banks are national leaders in preserving the security of customer data. The industry dedicates hundreds of millions of dollars annually to data security, and adheres to strict regulatory and network requirements. The banking industry’s first priority is to protect consumers and make them whole.
In the event of a data breach:
- Report any suspected fraud to your bank immediately.
- Use online banking to protect yourself. Monitor your financial accounts regularly for fraudulent transactions. Sign up for text or email alerts from your bank for certain types of transactions, such as online purchases or transactions of more than $500.
- Beware of phishing scams. Never give out personal financial information in an email or over the phone unless you have initiated the contact.
- Monitor your credit report. Order a free copy of your credit report every four months from one of the three credit reporting agencies at annualcreditreport.com.
If you suspect your identity has been stolen:
Questions? Please contact Consumers at aba dot com for more information.
© 2015 American Bankers Association. Reprinted with Permission. All Rights Reserved.
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