Fraud Alert:

Protect Your 401(k)

Looking to protect yourself from fraud, identity theft, and scams? This week is National Consumer Protection Week.

Your personal information is at risk every time you write it down or post it online. It is critically important for your financial security that you take some simple steps to secure your information.

 

 

Follow these DO’s and DON’Ts:

 

  • DON’T give out your personal information such as your account numbers, passwords, social security number or any other identifying information.

 

Never use WiFi in public places if you are entering sensitive information. It is easy for hackers to hack into the public WiFi and steal information you just entered.

 

  • DON’T fall for claims of government-backing and scam emails; they look legit but aren’t.

 

That is, don’t open the emails or answer any unrecognized calls unless you are sure of the sender’s identity and the purpose of attachment. You should never download any unknown document which can take control of your computer or phone unless you have asked for it. Banks, IRS, and reputable firms DO NOT email or call to ask for your personal information.

 

  • DO look at other options to protect your information.

 

Add an extra layer of security by using two-factor authentication and use a password manager that will allow you to access all your passwords with a single umbrella password can remember without storing on your phone or computer.

 

  • DO ask questions, verify the information and seek advice from trusted professionals.

 

By asking the right questions like, can I see your identification and how long have you been in business? It can help you see the warning signs. If you are unsure about any offer you receive reach out to your advisor and ask for the second opinion before acting.

 

Add a trusted person/third party contact and suggest that yourself or your parents clear emails and/or calls regarding financial information with you as a second person.

If you have further questions, please contact Mark Gajowski at 631-434-8200.

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