May 12, 2021
With credit card fraud and identity theft happening more frequently, we all have to step up our game. Learn keys ways to protect your finances and identity!
I hope you never have to deal with identity theft, data breaches, or fraud but chances are you will.
There were 4.8 million identity theft and fraud reports received by the FTC in 2020, an increase of 45 percent from 2019.
The Ascent from Motley Fool reported that credit card fraud was the most common type of identity theft last year – over 270,000 reports.
Another unfun stat – identity theft doubled from 2017 to 2019.
Finally in 2019 almost 165 million records containing personal data were exposed through data breaches.
Cyber crimes aren’t going away anytime soon.
In fact last year, I got it.Twice.
The first one, I received a call from Coastal about suspicious activity on my card. Thankfully that was quickly resolved.
Second time, I discovered it when doing my monthly review. I saw a $140 charge from California. I called and explained this wasn’t me.
It took a month of back and forth, but I got it cleared.I was a headache.
One I hope you avoid.
Which is why I’m so glad Joe Mecca is back on the show.
In this episode we get into:
Hope you enjoy it!
If you're getting more proactive with protecting your identity and money, here are some handy resources to check out!
For freezing your accounts or putting an alert you need to contact the credit bureaus.
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.
Before we wrap up, I want to share a few key takeaways I got as I was preparing this episode.
Unfortunately things like these aren’t going away, so if you want to discuss this more – ask questions, swap ideas, and maybe get a debt-free strategy set up – don’t forget to join us in the Thriving Families group on Facebook.
We swap ideas and tips because our goal is to help one another out with our family and financial goals.
Hope to see you there!
It’s a free, private, and positive community where we help one another out. We'd love to see you there!
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