Happy Holi-Fraud
Toy catalogs, Christmas Cards, Christmas program invites, and, of course, Amazon packages. These are just a few of the reasons I love checking my mail during the Holiday Season! This year, my mail has contained some not so merry news, letters describing data breaches and incidents of potentially compromised information. One letter was from a healthcare provider, that my information may have been compromised in a data breach. News like this tends to bring out my inner Grinch.
While Santa may only make his rounds once a year, cyber criminals are much more active. According to Fobes Advisor, data breaches have increased 72% from 2021 to 2023. What do criminals do when they are able to snag someone’s data? They can open credits cards, steal your identity, open loans, bank accounts or even gain access to these types of assets.
At Bruning Bank, we are here to help. We want you to have more time for Joy this season and less worry. Here are some helpful hints to help you secure your information:
- If you or someone you know has received a letter regarding a data breach: Enroll in the monitoring services recommended.
- Monitor Your Credit. Reviewing your credit report annually is a great idea, also enrolling in Savy Money through Bruning Bank’s online banking gives you a quick overview of what is happening
- Set up an alert on your Credit Report or Freeze your credit. If you feel you are high risk, or just like extra security, you may want to visit the websites for each of the credit bureaus and use their resources to set up alerts or freeze credit (Equifax.com, Experian.com, transunion.com)
- Monitor your accounts. Online Banking is a great place to start!
Finally, like most Christmas sweaters, fraud is ugly and there is no one-size-fits all solution. Visit with a Relationship Specialist at any of our locations if you need additional resources or have other questions. We wish you a Merry Christmas and Happy Holiday Season!
-Dani Crackel, Operations Associate-