Keeping your finances safe is super important, and card fraud can be scary. But don’t worry, we’re here to help. Let’s go over how cards become compromised, and what you can do to protect yourself.
Common points of compromise
Card skimming
One common method is skimming, where sneaky devices are attached to ATMs or gas pumps to steal your card information without you even knowing.
Phishing
Another threat is phishing, where crafty fraudsters send emails or texts that look like they’re from your financial institution, tricking you into giving away your card details.
Data breaches
Data breaches also pose a risk; even big retailers can get hacked, putting your card info at risk if you’ve shopped with them.
To protect yourself against fraud, in online and mobile banking:
- Use Card Controls to lock and unlock your cards instantly
- Set up transaction alerts to keep tabs on your account activity, allowing you to respond quickly to anything unusual.
- Avoid easy-to-guess online banking and shopping passwords instead use strong, unique passwords
If you’re concerned about identity theft, consider placing a fraud alert or freezing your credit to make it harder for thieves to open accounts in your name.
Card fraud doesn’t have to be a scary topic! By understanding how it happens and taking proactive steps to protect yourself, you can keep your finances safe and sound. Remember, Rize Credit Union is always here to help. If you have questions or need assistance, please reach out. Together, we’ve got this!
We’re committed to protecting your account from fraud. Remember, we will NEVER call, email, or text you to ask for your password under any circumstance. If you receive any communication asking for personal information while impersonating the Credit Union, do not respond. Instead, contact us immediately at 800.866.6474.