The best detector of fraud or identity theft is you. The sooner fraud is detected, the lower the financial impact. By monitoring your accounts you can look for strange activity and act fast to minimize the financial impact.
Recognize fraud or identity theft
It is important to recognize suspicious activities that may indicate fraud or identity theft.
Fraud is when someone uses your accounts to make unauthorized purchases, usually when the card or account number has been stolen. Possible signs of fraudulent activity are:
Identity theft happens when a thief steals information such as your name, birth date or Social Security number to open credit cards, mortgages and other accounts without your knowledge. Identity theft may be indicated by:
Check your account activity frequently looking for anything unusual. View your online account statements to detect fraud earlier and contact your financial institution immediately if you see anything suspicious. If you suspect that any of your accounts with West Shore Bank have been compromised, please notify us immediately.
Check your credit report annually
By monitoring your credit report you can verify that no new accounts or loans have been approved in your name using stolen information. National credit reporting agencies are required to provide you with free copy of your credit report once every 12 months. You can make this request by visiting www.annualcreditreport.com or calling (877) 322-8228. Your legal rights are explained on the Federal Trade Commission's website at www.ftc.gov.