What methods are banks using to prevent identity theft?
Ty asked:
I’m currently writing a paper on identity theft and I was wondering if any bankers or bank tellers out there knew what banks are doing to prevent or reduce identity theft.
I’m currently writing a paper on identity theft and I was wondering if any bankers or bank tellers out there knew what banks are doing to prevent or reduce identity theft.
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Bank of America will now put your photo on your debit card for free so that no one can use your card.
Thieves begin by accessing your personal information: Social security numbers, bank statements, tax reports, credit card debit information and passwords, or checkbook. Keep this important information under lock and key. Do not let it lie around in your office or in the car. This makes it easier for the thieves to access your financial information. Find out the reason if anybody asks for your credit information, check out their privacy policy and keep a copy of it. Destroy all papers even if you think they do not matter. Do not hand over your credit card to anybody even your family members, unless you are interested in paying their debt from your own pocket. Many family feuds have turned into court cases with hard feelings on both the sides, just because one of them used credit card or debit card without a thought. While submitting an online application for a credit card, ensure the site is secured and they protect your privacy.