You have probably already heard that using online banking and bill pay can save you time and money, but have you heard that it might also help protect you from identity theft?
Believe it or not, it’s true! You hear so much about the Internet being an identity thief’s playground, you are probably wondering how in the world using it to conduct your own financial transactions can possibly be safe. To help solve this conundrum, let’s start with more questions.
How do most identity thieves get their information? From paper sources. According to an Identity Theft Report issued by the Federal Trade Commission in September, 2003, 51% of victims believe they know how their information was stolen, and a quarter of those cite a paper document: receipt, check, bill, credit card or bank statement, etc., as the culprit.
How do we receive most of our paper documents? By mail. The U.S. Postal Inspection Service acknowledges in an article published on their website that most identity theft involves the U.S. Mail, and as a result, they have become a lead agency in investigating these crimes.
Therefore, as the answers to these questions suggest, minimizing paper documents received and sent by mail is just another way to help reduce your chances of being an identity theft victim.
NOTE: HNB Bank (HNB) is providing the above information as a customer service for educational purposes only. HNB assumes no liability for the use of this information and does not guarantee that the following recommendations will provide appropriate security.