As we embrace a fresh start with the New Year, it’s the perfect time to commit to resolutions that safeguard your financial well-being. Scammers continue to evolve, and protecting your finances and personal information should be at the top of your list. Here are practical resolutions to help you stay fraud-free in the year ahead.
1. I Resolve to Set Up Account Alerts
With TSB Online Banking or the TSB Mobile App, you can set up real-time notifications for transactions, withdrawals, and deposits. These alerts help you quickly spot unauthorized activity, ensuring prompt action to protect your accounts.
2. I Resolve to Regularly Monitor My Financial Statements
Commit to reviewing your bank and credit card statements each month. Look for unfamiliar transactions, no matter how small—they could be signs of fraud. This habit can help you detect and address suspicious activity early, minimizing potential losses. If you haven’t already, enroll in eStatements. eStatements are protected with anti-phishing technology and can be accessed right from TSB Online Banking — no waiting for the mail.
3. I Resolve to Use Strong, Unique Passwords
Passwords are the first line of defense against unauthorized access. Create strong, unique passwords for each of your accounts, and avoid reusing them. Consider using a password manager to keep track of your credentials securely.
4. I Resolve to Enable Two-Factor Authentication
Add an extra layer of security to your financial accounts by enabling two-factor authentication. This simple step significantly reduces the risk of unauthorized access, even if your password is compromised.
5. I Resolve to Stay Cautious with Emails
Be wary of unsolicited emails, especially those requesting personal or financial information. Scammers often disguise their messages to look like they’re from legitimate businesses, including banks. Never click on links or open attachments in emails you weren’t expecting.
6. I Resolve to Avoid Sending Money to Strangers
Scammers thrive on urgency and emotional manipulation. Never send money to people you haven’t met face-to-face, particularly via untraceable methods like prepaid debit cards, gift cards, or payment apps. Take a moment to pause and verify the situation.
7. I Resolve to Research Before Making Online Purchases
Before entering payment information, research the retailer. Confirm their legitimacy by checking for customer reviews, contact information, and secure payment systems (look for “https://” in the URL).
8. I Resolve to Protect My Personal Information
Sharing sensitive details like your Social Security number, bank account information, or address makes you vulnerable to identity theft. Be especially cautious when providing such information online or over the phone.
9. I Resolve to Be Social Media Smart
Review your privacy settings and avoid oversharing personal details, even in fun quizzes or games. Scammers can use your public information to impersonate you or build trust with others on your behalf.
10. I Resolve to Stay Informed About the Latest Scams
Knowledge is power. Stay updated on new fraud tactics by following trusted resources. For regular tips, follow TSB on social media, where we share #FraudFriday advice every Friday to help you stay ahead of the latest scams.