Tips to Prevent Wire Fraud

Your bank account is one of the most important aspects of your life. It keeps track of your money, and you use it every day to pay for things like groceries, gas, and utilities. You may not think about it a lot, but if somebody else were to get their hands on your banking information, they could wreak havoc on your finances. That's why there are some simple steps that you can take to help protect yourself from wire fraud.

For starters, make sure you're careful with what personal details or copies of ID that you give out online. If someone needs access to an account, then they should be present or if they are over the phone, have a secure verification process in place so that they can verify who they are before granting them access to sensitive information such as passwords and PIN numbers.

Second, make sure to use two-factor authentication on all of your online banking platforms so no one can access and misuse the information in your account. If this is not possible for you, implement some steps that may slow down or stop unwanted activity from occurring, such as implementing a credit freeze. Review your credit report and bank statement monthly to stay current with the details of each statement.

Third, don't store sensitive financial documents since this could easily lead to someone gaining unauthorized access if they manage to break through security barriers elsewhere. If you do end up storing them somewhere else besides your home, though, be sure that the location is one with a high level of security and guarded by a professional company.

Online safety is a priority, but it's becoming an increasingly important topic as the world becomes more connected. Wire fraud is a serious issue. Luckily, there are ways to protect yourself from becoming the next victim by following these basic guidelines. For more information on wire fraud prevention tips and best practices, contact your local FBI office today! Stay safe this summer and beyond.

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