It’s an all too common story on the news these days, data-breaches at banks or other institutions that have our personal information, it happens more frequently as technology becomes more integrated into our daily lives. What does it really mean for us, the consumers? Here are a few tips on how to handle the situation.
1. Once you’ve become aware that your bank compromised, don’t be afraid to go down to your local branch (or call whatever hotline phone number that might be available on their website) and ask what accounts or information has been affected and whether they recommend closing and re-opening a new account.
2. Pay attention to any new or unusual notices about new accounts, credit cards, or financial products that you don’t remember applying for. Unusual activity after a data breech could indicate that your information is being used fraudulently.
3. If you’ve been a victim of identity fraud, immediately report to the authorities. The address below can be used to find the specific authorities that need to be contacted, but also to get more information on what to do in case of a data breach.
http://www.stopfraudcolorado.gov/fraud-center/digital-fraud/involved-data-breach
Remember, when you hear about events in the news, it’s your right as a consumer to get the full extent of the incident and how you may be affected. Also, if something does go wrong, don’t panic and go to the website above and follow the links to the information that can help you can everything back on track.