According to a new study commissioned by Capital One, ninety three percent of Canadians are taking at least one step towards protecting identity theft and inoculating against fraud. This is forty percent jump from a year ago.
But, money fraud doesn’t just stop at phishing and phone scams. Criminals can also use fake antivirus software to penetrate your bank account.
March is Fraud Prevention Month and Your Morning’s tech guru Avery Swartz stopped by with some tips on protecting your personal information.
Take advantage of your card’s features
In addition to charging your card, a lot of credit cards will send you notifications about purchases and ask questions to ensure you weren’t hacked. These can be two way notifications or pop ups and if your card has these features, make sure to opt in.
How often do you change your email or phone number? Make sure you keep your card issuer up to date with your contact information. Some companies can activate a temporary usage block if the card is misplaced.
Check your credit score
If you’re seeing changes you’re not aware of, this may be an early indicator that something is wrong with your credit card. Some companies have features that will send you weekly notifications of your credit score.
Protect your info
Keep your pins and passwords safe. Don’t share them with anyone. If you get strange emails, phone calls or text messages, especially if they’re unsolicited, err on the side of caution and treat it like a scam.
If you suspect your info has been compromised, call your credit card issuer, your bank and the authorities. Change your password. There is also the Canadian anti-fraud centre who can register your complaint. This will prompt them to put it in their database and this can be useful information for the general public as well.