Wouldn’t you just love to catch a thief? Sometimes there is no possible way to prevent identity theft and the reality of living in the information economy is that your identity will occasionally be compromised. While we don’t have a sure-fire way of knowing who may obtain and use your credit card information, we do know a way to shut down their activities in a matter of minutes, before it becomes a serious headache for you.
To monitor accounts quickly and conveniently, sign up for automatic account alerts when any transaction occurs on your account. If you spend even a dollar at a store, you receive an email or text notifying you of the purchase. If you receive an email for an amount you didn’t spend – bingo – you’re probably a victim of fraud.
Visit your bank and credit card providers online to set up account alerts. You can receive an alert if:
- Your balance is above or below an amount you specify. (You set dollar limits for different transactions, including ATM withdrawals, debit card activity, money transfers and online bill payments. )
- A withdrawal, deposit or check posts to your account.
- Your ATM withdrawal or debit card purchase exceeds an amount you choose.
- Your credit card payment is due.
- Your mortgage payment is due.
- A brokerage trade goes through.
- Activity occurs on your credit card.
- Your bank detects suspicious or unusual activity on your card requiring verification by you.
Take this one easy step today to prevent lots of headaches, and potentially lots of charges, in the future. It will be the best 5 minutes you’ll spend today!
John Sileo is an an award-winning author and keynote speaker on identity theft, internet privacy, fraud training & technology defense. John specializes in making security entertaining, so that it works. John is CEO of The Sileo Group, whose clients include the Pentagon, Visa, Homeland Security & Pfizer. John’s body of work includes appearances on 60 Minutes, Rachael Ray, Anderson Cooper & Fox Business. Contact him directly on 800.258.8076.