In recent months, several major data breaches have made headlines. Large-scale retailers like Target, The Home Depot, Neiman Marcus and Michael’s have been targeted, leaving hundreds of thousands of pieces of customer information vulnerable.
With a number of recent compromises, you may be wondering if your information will ever be safe. While it’s impossible to know exactly when the next data breach will strike, here are a few lessons you can learn from recent ones to help keep your private information as secure as possible:
A data breach could happen anywhere, anytime and affect anyone.
The fact is, you can be as careful as possible and still fall victim to a data breach if you use your debit or credit card to shop. Identity thieves are growing more sophisticated in their tactics, using complex malware to compromise point of sale terminals, as seen in the Target and the Home Depot incidents. A safe alternative is to use cash when you shop, so no identifying information is used to process the transaction.
It’s important to be proactive.
It is more critical than ever to carefully monitor your monthly statements for your debit and credit cards. Review each transaction and contact your financial institution immediately if you suspect a fraudulent charge. When shopping online, always use a credit card over a debit card, as they are not directly linked to a bank account.
Create unique passwords and logins.
It seems like every website involves a username and password, and while it’s tempting to use the same one over and over, doing so could greatly increase the scope of damage if your identity is stolen. Recent breaches, including the Russian hacking incident, are suspected to have affected billions of username and password combinations. Using the same login information across several websites (e.g. your financial institutions, credit cards, online shopping accounts) could make it easier for thieves to strike multiple places.
Get identity protection services.
In the unpredictable digital world we live in, you can take steps to safeguard your identity by signing up for identity protection services. Community Bank offers ID Restoration Services through Deluxe Provent, a completely customizable suite of monitoring services that will not only help you keep your identity safe, but will also assist you if you find your personal information has been compromised.
At Community Bank, your security is always our priority. Click here for updates on current data breaches and more information on how we are working to keep your information safe and secure.