Author: CedarStone Bank News

Here’s how it works:

Someone gets your personal information and runs up bills in your name. They might use your Social Security or Medicare number, your credit card, or your medical insurance – along with your good name. How would you know? You could get bills for things you didn’t buy or services you didn’t get. Your bank account might have withdrawals you didn’t make. You might not get bills you expect. Or, you could check your credit report and find accounts you never knew about.

Here’s what you can do:

1. Protect your information. Put yourself in another person’s shoes. Where would they find your credit card or Social Security number? Protect your personal information by shredding documents before you throw them out, by giving your Social Security number only when you must, and by using strong passwords online.

2. Read your monthly statements and check your credit. When you get your account statements and explanations of benefits, read them for accuracy. You should recognize what’s there. Once a year, get your credit report for free from AnnualcreditReport.com or 1-877-322-822 8. The law entitles you to one free report each year from each credit reporting company. lf you see something you don’t recognize, you will be able to deal with it.

Here’s how they work:

You get a call or an email. lt might say you’ve won a prize. lt might seem to come from a government official. Maybe it seems to be from someone you know – your grandchild, a relative or a friend. Or maybe it’s from someone you feel like you know, but you haven’t met in person – say, a person you
met online who you’ve been writing to.

Whatever the story, the request is the same: wire money to pay taxes or fees, or to help someone you care about.

But is the person who you think it is? ls there an emergency or a prize? Judging by the complaints to the Federal Trade Commission (FTC), the answer is no. The person calling you is pretending to be someone else.

Here’s what you can do:

1. Stop. Check it out – before you wire money to anyone. Call the person, the government agency, or someone else you trust. Get the real story. Then decide what to do. No government agency will ever ask you to wire money.

2. Pass this information on to a friend. You may not have gotten one of these calls or emails, but the chances are you know someone who has.