Identity theft is one of the fastest-growing crimes today, and it can happen to anyone. At Red Canoe, your security is our top priority. It’s also important to know what to watch for and what steps to take if your personal information is ever at risk.
Identity Theft happens when someone uses your personal information, like your Social Security Number, bank account details, or credit card number, without your permission. Criminals may open accounts, take out loans, or make purchases in your name, which can cause serious financial and emotional stress.
Scammers use a variety of methods to steal information. Here are some common ways.
Scammers send fake emails, text messages, or phone calls that appear to be from trusted companies or even friends. They try to trick you into providing personal information like passwords, Social Security Numbers, or account details. Always double-check the sender and avoid clicking suspicious links.
Hackers sometimes gain access to the databases of companies, retailers, or service providers, exposing customer information such as names, emails, passwords, and financial data. Even if the breach isn’t at your bank, your information could be at risk if other accounts are compromised.
Criminals can take physical mail from your mailbox, trash, or recycling bin to find sensitive documents like bills, credit card offers, or tax forms. These papers can be used to open accounts or steal your identity, so consider shredding any document that contains personal information.
Skimming devices can be secretly installed on ATMs, gas pumps, or other card readers. These devices capture the information from your debit or credit card when you swipe it. Criminals can then clone your card and make unauthorized transactions.
Public Wi-Fi networks, like those in cafes, airports, or hotels, are often unprotected. Hackers can intercept the data you send over these networks, including login credentials and other personal information. Using a VPN or avoiding sensitive transactions on public Wi-Fi can reduce this risk.
Understanding these methods helps you protect your personal information and reduce the risk of Identity Theft.
Early detection of Identity Theft is key. There are several warning signs that your identity might be stolen. Watch for these signs of Identity Theft:
If something looks suspicious, act quickly to minimize potential damage.
If you suspect Identity Theft, follow these steps right away:
While no one can prevent every scam, there are simple habits that can significantly reduce your risk. Use strong, unique passwords and enable multi-factor authentication on your accounts. Shred any documents that contain personal information before discarding them. Be mindful of what you share online or over the phone, and regularly monitor your accounts through Online and Mobile Banking to catch any unusual activity early.
In addition to these everyday habits, having an extra layer of defense can make a big difference. With Red Canoe’s Premier and Premier Plus Checking Accounts, you’ll receive built-in Identity Theft Monitoring. This feature helps detect unusual activity and provides support if your information is ever compromised, whether it’s connected to your Red Canoe Accounts or other financial accounts you hold.
If you notice unusual activity on any of your accounts, including Red Canoe accounts, contact us right away. We’re here to help you protect your finances and guide you through the steps to resolve Identity Theft, so you can feel secure and in control.