Millions of people fall victim to identity theft or financial scams each year, costing them money, time and aggravation. Don’t be one of them. Learn ways to protect your personal, military and financial data, and reduce your chances of getting swindled and slowing you down as you build financial security.
Start with these essential steps:
Protecting your finances takes more than putting it in a bank. Make sure you have protective software on your computer and phone. Don’t let your harmless internet browsing invite a virus or malware on your device. Update these protections regularly.
Limit the amount of personal information you share on social media. Don’t post your full name, address, phone numbers or any account numbers on social media channels or over publicly accessible sites or public Wi-Fi networks. Post pictures and make connections wisely.
Federal law entitles you to a free credit report each year. Check it for suspicious activity. If you’re a deployed service member and don’t plan to seek new credit while deployed, place an active-duty alert on your credit report to reduce the risk of identity theft or fraud.
Protect yourself and your family from unethical charity operators and dishonest advisers who target service members, veterans and their families. Find out how to spot fraudulent operators to reduce your chances of getting scammed.
It’s good practice to regularly review what money you have coming in and your deductions. Check out the military’s basic pay tables and myPay to make sure you’re getting the right amount in and avoid mistakes that could impact your income.