3 Easy Ways to Help Protect Yourself From Fraud and Identity Theft
In recent years, computer security has gone from being an obscure technical subject to an issue that’s regularly on the minds of average Americans. In fact, there were 13 million fraud incidents in 2019, according to Javelin Strategy and Research. In order to help protect yourself from fraud and identity theft, consider these three tips.
1. Know your credit score
Many people only find out that they’ve become a victim of identity theft after they have had a loan application rejected. But instead of waiting until after the fact, consider being proactive by checking your credit score regularly.
2. Strengthen your passwords
It can be very difficult to manage the login information for all of your online accounts, but you still shouldn’t have simple passwords or reuse the same ones for multiple websites. Instead, try using a password manager to ensure your credentials aren’t easily stolen.
Also, consider enabling two-factor authentication that will keep your accounts safe even if your password is compromised. Two-factor authentication requires a one-time use code that’s sent to your smartphone before anyone can log in to your account from a new device.
3. Scrutinize your statements
While you may not be able to be 100 percent protected against identity theft, Discover Cardmembers can be sure that they won’t be responsible for paying a fraudulent charge on their card.
The Fair Credit Billing Act states that credit card users have a maximum of $50 of liability in the case of fraud, and some card issuers, like Discover, have a $0 Fraud liability guarantee, which means you’re never responsible for unauthorized charges on your Discover card.1
To help protect yourself, you have to check your statements each month and report any suspicious activities.
Cyber criminals change their tactics all the time, but by taking these four proactive steps, you can help protect yourself from fraud, and help keep your information — and your financial life — as secure as possible.