Secure your Data: Staying One Step Ahead of Fraud

Fraud continues to evolve, as well as the tactics targeting individuals and families. From identity theft to phishing scams, today’s threats are often complicated and difficult to spot. Taking proactive steps can help reduce risk and protect your personal and financial information. Below is an overview of common types of fraud and ways to help safeguard your information.

Understanding Identity Theft

Identity theft occurs when someone uses your personal information without permission. It typically falls into three categories:

• Financial Identity Theft: Occurs when someone uses your personal information such as your Social Security number or account details. Regularly reviewing your bank and credit card statements can help identify suspicious activity.
• Medical Identity Theft: Happens when stolen health insurance information is used to receive medical services or submit false claims. Carefully review all medical and insurance statements. If you find unfamiliar charges, immediately contact your health insurance and healthcare provider.
• Online Identity Theft: Involves sharing information online to impersonate you or access your accounts. Be mindful of what you share publicly, including travel plans, locations, and major purchases.

Ameriprise highlights the importance of monitoring credit reports and using secure passwords to help protect against identity theft. Learn more.

Recognizing Phishing Scams

Phishing scams are deceptive emails or messages that appear to come from legitimate sources. These messages often create urgency and ask you to click a link, download an attachment, or provide sensitive information.

To protect yourself, be cautious of unsolicited communications and avoid clicking on links or downloading attachments from unknown sources. Learn how to identify phishing scams.

Steps to Protect Yourself from Fraud

• Monitor financial accounts: Review your bank and credit card statements to catch any unauthorized transactions.
• Use strong, unique passwords: Avoid reusing passwords. Update your password regularly. Enable multi-factor authentication can be helpful when available.

Help keep your personal and financial information safe with these additional tips from Ameriprise.

Protecting yourself from fraud requires ongoing awareness and proactive habits. At StackStone Wealth, we believe education and ongoing communication play an important role in helping clients feel informed and more confident.

If you have questions or concerns about protecting your financial information, our team is here to support you.