These Common Practices Can Cause Big Trouble for
Millennials are said to make up one of the largest
generations in history. They've grown up in a time of rapid technological and
economic change. Although credit savvy and more cautious when it comes to
making major financial decisions, Millennials are reportedly more susceptible
to identity theft and bank fraud. Share these tips with the Gen-Yers in your
life if they practice any of these 5 dangerous actions.
Love To Share… Sensitive Info That Is.
Millennials are often quick to share
their personal information via text, email, and social media. It goes without
saying that keeping personal info (i.e.
Social Security, Credit Card numbers) to yourself is probably the best
way to avoid bank fraud. It's ok to be stingy with what information you share!
Millennials tend to use debit cards more than the harder to obtain
credit card. Although this can keep you from running into credit card debt, it can
also give a thief instant access to the funds in your bank account. Using a credit card
purchases may not be such a bad idea. Just be diligent in paying off your
balances and checking your bank accounts daily.
Love Of Wi-Fi.
Millennials expect, even demand, the availability of free
Wi-Fi in many of the places they frequent. But public Wi-Fi can be a hotspot for fraud
and identity theft. It's best to avoid accessing your banking or social media accounts
while you are logged into a public network. Consider adding virus protection
software on your smartphone for extra security.
Due to advancing technology and fast internet connections, more and
more Millennials are making purchases from their smartphones and tablets.
Although this provides a quick and convenient way to access goods and services,
it also presents a major opportunity for fraud. Just to be safe, make purchases
from your desktop. If you still have one!
It's true. Millennials love to share. They share everything from
video streaming passwords to their debit cards and personal info.
Unfortunately, this puts Gen-Y at greater risk to be taken advantage of,
especially by the people they trust. Yes, that includes your family and
friends. So, be careful with whom you share your personal information.To read the full article, Visit gobankingrates.com. Do you suspect that you've been
a victim of identity theft or financial fraud?
Contact us immediately so that
we can offer assistance. Additionally, we offer IDENTITY
THEFT SHIELD to
help you with the financial implications should you become a victim of fraud.
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