Keep Your Money Secure!

We hear it practically every day these days …. data breach. Some “entity” has gained access to a merchant’s customer accounts, credit card numbers, social security numbers, etc. To make matters worse, phone scammers are on the rise and are draining many seniors of their nest eggs.

What can you do to make sure your money is secure? Following are a few simple tips you can take to help safeguard your funds.

Basic Online, Phone and Mobile Banking Security Tips

PASSWORDS – We have heard it many times before, but let’s repeat the message about passwords: Be sure to utilize STRONG passwords for your online and mobile accounts by creating combinations of upper- and lower-case letters, numbers and symbols to make it harder for hackers to access your accounts. Use different passwords for your accounts, keep them secret, change them often and be sure to log out of your financial accounts when your task is complete to keep hackers from accessing your information.

KNOW WHO YOU ARE DEALING WITH – Whenever you are conducting business online that involves your personal and financial information, make sure you are dealing with a reputable company and not a fake site or scammer. Reputable companies encrypt (scramble) your information as it travels to and from your computer, so look for a padlock symbol on their web address to make sure it starts with “https://.”  The “s” stands for “secure,” so your information is further protected from online snoops.

And, if you are contacted over the phone or via email, be wary of volunteering your information unless you are sure the contact is legitimate and/or YOU have initiated the communication. There are numerous scammers out there acting as IRS agents, other government agencies and even others posing as “relatives” in need of money for emergencies. You should know that most government agencies conduct business via mail or written correspondence and would NOT contact you over the phone, and if one of your “relatives” is calling asking for money, make sure you know who you are talking to and don’t fall for it unless you can be certain the person on the other end is legitimate.

PERIODICALLY CHECK YOUR ACCOUNTS – The safest and most effective way to safeguard your assets is to stay alert and check your accounts and account balances routinely. Review each and every transaction to ensure you recognize and authorized it. Should you discover a transaction that you did not approve or that you do not recognize, contact the financial institution immediately to investigate it so corrective actions can be taken.

Feel free to contact us at F&M Bank if you ever have any issues or concerns about your accounts’ security. We are also available if you notice some potentially fraudulent or otherwise suspicious transactions on your accounts and can help make sure you and your money stays protected.

NMLS #718145

published on 12/12/2019