It’s scary how easy it is for criminals to get to our personal information – as technology improves, so do the skills of fraudsters. In fact, I find myself being what some think is paranoid – triple checking for the https in online shop URLs, and shredding almost everything with my name on it. I mean look what happened to Sandra Bullock in The Net – if that could happen in the 90’s just think of what’s possible now!
As trusted financial advisors it’s imperative for credit unions to help educate members about what they can do to help prevent their own identity theft and the losses that often accompany that. Not to mention, the more careful your members are, the less at risk your credit union is of incurring losses due to identity theft. (Check out the landmark case involving Comerica Bank and your potential liability from a phishing scam.)
We teamed up with our Preferred Partner for identity theft, Affinion Group, to gather some key tips for you and your members to help prevent identity theft.