If you follow the news, you may realize major data breach headlines are frequent. At DoverPhila Federal Credit Union, your financial success and safety are our primary goals. To help keep your information and finances secure, we’ve created an informational guide to data breaches and what you need to do to protect yourself.
What’s a data breach?
A data breach occurs when unauthorized individuals gain access to your personal information, such as your name, email address, Social Security number, credit card details, or medical records.
Breaches can happen in a variety of ways, such as hackers exploiting weak security systems, phishing scams, or even careless handling of data by companies. Whatever the cause, the results can be serious, potentially leading to identity theft, financial loss, and a lot of stress. If you’re told a data breach compromises your information, take the following steps as quickly as possible:
Step 1: Read all notices from the compromised company. The business that breached usually contacts all potential victims to notify them of the exposure. It may also advise victims about the next steps. If you have verified that your information is part of a breach, read every message you receive from the exposed company.
Step 2: Change your passwords. It’s best to change as many passwords as possible after a breach to keep information and money safe. Start by changing passwords you are sure were a part of the breach.
Step 3: If possible, enable Two-Factor Authentication (2FA). Two-factor authentication adds an extra layer of protection to your accounts. Even if someone has your password, they should not be able to log in without the second piece of information, like a code sent to your phone.
Step 4: Check your credit report. Your credit report is a good indicator of whether someone is trying to open new accounts in your name. You can get a free credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion). If you see anything fishy, then you know it’s time to act.
Step 5: Consider a credit freeze or fraud alert. A credit freeze alerts lenders and credit companies to the fact that you may have been a victim of fraud. This added layer of protection makes it difficult, or impossible, for hackers to open a new credit line or loan in your name.
Step 6: Alert your financial institution. Next, let DoverPhila Federal Credit Union know a breach compromised your information. This way, we’ll keep an eye out for signs of fraud and be in touch if we notice any suspicious activity.
Step 7: File an identity theft report. If you believe fraudsters stole your identity, file an identity theft report with the Federal Trade Commission (FTC) as soon as possible at www.ftc.gov.
Data breaches are scary, but they don’t have to be disastrous. By staying calm, taking swift action, and being vigilant, you can protect yourself and minimize the impact of a breach. Remember, the best defense is a good offense, so stay informed and stay safe!
