In our tech-savvy world, everything is readily accessible and convenient…even banking. Gone are the days of waiting in line at the bank or even waiting for your computer to boot up.
Now, you can access your bank account from anywhere in the world via your smart phone or tablet. But consumers need to be more cautious than ever when banking through any device, as hackers can prey on the unsuspecting.
The FINRA Investor Education Foundation, part of the Financial Industry Regulatory Authority, offers these five tips on how to keep your identity safe and your money in the bank:
Password-protect your phone or tablet so that only you can access the information on your device. This will help protect you if your phone or tablet is ever lost or stolen.
Never provide personal information unless you initiate contact with your bank or other financial institution. Financial institutions should not request account numbers, Social Security numbers or other sensitive information through email or text messages. If you’re not sure about a request, contact your bank by calling the number on the back of your debit or credit card.
Don’t stay “auto-logged in” to your accounts. Even though it’s convenience, it increases the risk that an unauthorized user will access your accounts.
Delete old texts from your bank to reduce your exposure to fraud.
Report lost or stolen devices immediately to your wireless provider and financial institutions.
Read more from FINRA about how to protect your money. For more tips you can trust, visit bbb.org and for the latest, follow us on Facebook and Twitter.
For more information or further inquiries, contact the Wisconsin BBB at www.wisconsin.bbb.org or 414-847-6000 (metro Milwaukee), 920-734-4352 (Appleton), 608-268-2221 (Madison) or 1-800-273-1002 (elsewhere in Wisconsin). Consumers also can find more information about how to protect themselves from scams by following the Wisconsin BBB on Twitter, Facebook and YouTube.
Your link to the biggest stories in the suburbs delivered Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
- Rock For Locks Benefit / Morgan's Ride For Alopecia
- Soothe your soul in Door County, WI - Blissfull yoga retreat with Soul On Yoga
- Spinal cord injury: what determines recovery?
- 21st Annual Sprint for Spina Bifida Showcases Local Talent
- Grounds Maintenance Services is Hiring!
- Brookfield East Jr. Spartans Baseball Tryouts
- Alverno College Appoints Eileen Sherman Dean of Business
- Refashion for Life Charity Fashion Show Announces Sponsors
- MFHS Student Art on Display at District Business Office
- "WEIRD ANIMALS" Come to Vacation Bible School