Fraudsters put in the work, and so Should You!

It likely doesn't come as a surprise to learn that fraudsters work constantly behind the scenes trying to hack data. While honest people put in a hard day's work and go home to relax, scammers are working overtime, trying everything they can to access your priceless information. They utilize sophisticated programs to guess passwords, install malicious software to spy on victims, and even blackmail people to get what they want. It might not be possible to prevent all fraud every time, but there are things you can do to make it more challenging for them. Here's what we suggest:

·         Change your login ID and password often. When you do, be sure to opt for more complex credentials. As tempting as it might be to use part of your name or email address as your login ID, try going a different route. Star8mAn5# is a better choice than JohnSmith1. When it comes to passwords, it might help to draw inspiration from a phrase that is meaningful to you. For instance, Al+@iaGF2-> is way more secure than "A long time ago, in a galaxy far, far away."

·         Do you use a password generator? If not, it might be time to start. These tools can help create and securely store complex passwords on your cell phone or computer.

·         Stop using the same credentials everywhere. I know it's easy to remember one set of login details, but I think of it this way: If a hacker gains access to one of your accounts, they won't just stop. Instead, they will attempt to use that to enter more of your data. If you use the same info elsewhere, you have been compromised everywhere instead of "just" one account.

·         Keep your passwords safe by not writing them down or storing them on a device without additional measures in place. Biometrics (fingerprint and face scans) are a great way to secure vital information.

Fraudsters employ other tactics to try and trick you. It would help to be more cautious when receiving phone calls, text messages, and snail mail. There have even been instances where con artists approach people at home. The bottom line is that if you are not expecting communication over a digital device or otherwise, pause and consider it carefully before accepting it at face value.

Frequently, we remind our members that if you receive an unexpected call from someone claiming to be a credit union representative, you can (and should) end the call and call back on a known, published number. Never call anyone back at the number they leave you in a message or call from. Also, remember that there are certain things that a legitimate credit union employee will not ask you. Do not reveal your Online Banking password, credit or debit PIN, or security code. You cannot be too cautious when it comes to irreplaceable data. Remember your personal and digital security and take steps to keep it safe.

Ready to change your login ID and password in your Online Banking? Here's how. For more tips and info regarding the latest scams, follow our Blog. You can also email me directly!

Krista Kyte is a personal finance blogger and personal banker with over 21 years of experience in the financial industry. Krista is passionate about helping our members understand their financial situations. She writes tips that help consumers reach and maintain financial security and start living the life they've always wanted.