Identity Theft, What You Need To Know

In today's digital age, protecting your identity is important. While having the convenience of tapping your card away, it comes with the risk of identity theft. Identity theft refers to the fraudulent acquisition where someone pretends to be you and starts swiping your bank card.  

Let’s dive deeper into how you can secure your financial information and protecting your identity. Just like you wouldn't leave cash lying around, it's crucial to secure your sensitive data. Here are 4 simple steps to get you more secured! 

Knowing Your Rights: Protecting Yourself from Fraud

If you ever become a victim of fraud, it's important to understand your rights. When it comes to credit and debit cards, the good news is that most issuers have guarantees that protect you from unauthorized charges. This means that if someone uses your card without permission, you usually won't be held responsible for the charges. 

Credit Cards: Extra Security Measures 

Using a credit card can be helpful because it comes with additional security features. If you spot any charges on your credit card statement that you didn't make, you have more time to report it to the card issuer and get it resolved quickly. 

Protecting Your Personal Finances: Being Proactive 

Taking proactive steps to protect your personal finances is crucial. One way to do this is by checking your credit report (CCRIS/CTOS) regularly. This helps you identify any mistakes or accounts that were opened without your knowledge.  

Keep your information safe: Paper or Cloud 

Prioritize the security of your financial documents and mail. Shredding old bills and credit card statements helps to prevent sensitive information from falling into the wrong hands. 

When it comes to online security, make strong, unique passwords, refrain from sharing them with others, and update them regularly. When sharing financial information online, ensure that you only disclose it on secure websites. 

Remember, staying informed and being proactive can help you stay in control of your finances and protect yourself from fraud. 

Let’s Protect Your Identity with Paywatch 

 At Paywatch, we're all about helping you take control of your finances and feel empowered.  With our Earned Wage Access solution, you can easily manage your money and access your earnings whenever you need them. 

Check out our website and discover how Paywatch can support your financial well-being!