Keep Your Information Secret
Losing money isn’t your only concern: your financial information can be used to commit identity fraud, and crooks find innovative ways to capture it. Worse yet, if you willingly share sensitive data like your personal identification number (PIN), you could be voiding any protection offered by your bank or credit card company. Your best protection is to know when to share and when to keep your information to yourself.
- Employers only need your social insurance number after you’ve been hired — but employment scams ask for it upfront.
- No one needs to know your PIN, not even your bank. You shouldn’t share it with friends or family, and you should always shield the keypad when you enter it.
- Unless you’re making a purchase with a company you know and trust, don’t give out your credit card information — especially the three-digit security code on the back of your card. Avoid using unsecure methods like email or fax too. When it’s time to get rid of unneeded documents like receipts, statements or credit card applications, make sure to destroy them before they hit the recycling bin (A cross-cut paper shredder will do the trick.)