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Security

Simple Steps to Safeguard Your Identity

Up to 500,000 individuals are victims each year of identity theft, a fast-growing form of fraud. Fortunately, a few simple steps can help ensure you stay out of these statistics. "Identity theft" or "account takeover fraud" involves criminals stealing a person's personal information. The perpetrators assume a person's identity, apply for credit in the victim's name, run up huge bills, stiff creditors and generally destroy the victim's credit record.

At Regal Bank, we put a combination of safeguards in place to protect customers, including employee training, rigorous security standards, data encryption and fraud detection. You can take these steps to avoid becoming a victim of Identity Theft:


By law you are only liable for the first $50 of unauthorized charges against a credit card account. Still, restoring your identity can be a tremendous inconvenience. It's worth your while to exercise a little preventive maintenance. Protect yourself against this terrible crime.

For more personal finance tips, visit our Web site at http://www.regalbanknj.com. or visit the American Bankers Association's Consumer Connection at www.aba.com.

Tips to Avoid Becoming a Victim of Identity Theft

Phishing is a scam that involves Internet fraudsters who send spam or pop-up messages to lure personal information (credit card numbers, bank account information, Social Security number, passwords, or other sensitive information) from unsuspecting victims.

According to the Federal Trade Commission (FTC), the nation's consumer protection agency, phishers send an email or pop-up message that claims to be from a business or organization that you may deal with — for example, an Internet Service Provider (ISP), bank, online payment service, or even a government agency. The message may ask you to "update," "validate," or "confirm" your account information. Some phishing emails threaten a dire consequence if you don't respond. The messages direct you to a website that looks just like a legitimate organization's site. However, it is a bogus site whose sole purpose is to trick you into divulging your personal information so the operators can steal your identity and run up bills or commit crimes in your name.

Background

Phishing attacks use 'spoofed' e-mails and fraudulent web sites designed to fool recipients into divulging personal financial data such as credit card numbers, account usernames and passwords, social security numbers, etc. By hijacking the trusted brands of well-known banks, online retailers and credit card companies, phishers are able to convince up to 5% of recipients to respond to them.

Check Your Purse or Wallet

Keep Your Personal Numbers Safe and Secure

Bank, Shop and Spend Wisely

Review Your Information

Check your Social Security Earnings and Benefits statement once each year to make sure that no one else is using your Social Security number for employment.