Identity Protection

Stay Safe Online: Identity Fraud Prevention Tips


In honor of National Cybersecurity Awareness month, the American Bankers Association is offering tips for consumers to protect their identity.

"Financial fraud, including identity fraud, is a very real risk that must be taken seriously," said Frank Keating, ABA president and CEO.

Identity fraud occurs when a criminal obtains and misuses someone's personal information without permission, typically for economic gain. For many victims, it can result in drained bank accounts, poor credit, and a damaged reputation.

"The best way to contend with financial fraud is to prevent it from ever happening in the first place," says Keating. "Banks use sophisticated technology and monitoring techniques, intricate firewalls and other methods of securing customer data, but there are steps consumers must take as well."

ABA offers the following tips to help consumers protect themselves from becoming a victim of financial fraud:

Source: American Bankers Association