Identity theft is a serious crime. It occurs when your personal information is stolen and used without your knowledge to commit fraud or other crimes. Identity theft can cost you time and money. It can destroy credit and ruin your good name. At Hoyne Savings Bank, we understand the importance of securing your financial well-being. Identity theft is a growing concern in today's digital age, and being aware of the common methods used by cybercriminals is the first step towards fortifying your defenses.

Understanding Common Identity Theft Methods
1. Phishing Attacks
Cybercriminals often employ deceptive emails, messages, or websites to trick individuals into revealing sensitive information. We'll guide you on recognizing phishing attempts to ensure your guard is never down.

2. Data Breaches
Large-scale data breaches expose personal information to unauthorized individuals. Learn how to stay vigilant in the aftermath of such incidents and fortify your digital presence.

3. Social Engineering
Fraudsters exploit human psychology to manipulate individuals into divulging confidential information. Discover how to recognize and resist social engineering tactics.

4. Dumpster Diving
Thieves rummage through your trash looking for bills or other papers with your personal information on it.

5. Skimming
Scammers can steal your credit and or debit card numbers by using a special storage device when processing your card.

6. Changing your address
Diverting your billing statements to another location by completing a change of address form.

Deterrence Strategies
1. Two-Factor Authentication (2FA)
Enhance your account security with our robust two-factor authentication system. Adding an extra layer of verification ensures that even if your password is compromised, your accounts remain impenetrable.

2. Regular Account Monitoring
Stay ahead of potential threats by monitoring your accounts regularly. Our user-friendly interface makes it easy to keep track of your financial activities and identify any suspicious transactions promptly.

3. Secure Password Practices
Crafting strong, unique passwords is the cornerstone of digital security. Learn the art of creating and managing passwords to fortify your defenses against unauthorized access.

4. Shred
Thoroughly destroy financial documents and paperwork with personal information before you discard them.

5. Protect
Don’t carry your social security card in your wallet or write it on a check. Don’t give out personal information on the phone, over mail, or the internet unless you know who you are dealing with.

Detecting Identity Theft
1. Credit Monitoring
Our comprehensive credit monitoring services empower you to detect any unusual activity on your credit report promptly. Early detection is key to minimizing the impact of identity theft.

2. Account Alerts
Customize account alerts to receive notifications for specific transactions or changes to your account. Instant alerts ensure you can respond swiftly to any potential threats.

3. Annual Credit Reports
Access your free annual credit reports and scrutinize them for inaccuracies or suspicious entries. Regularly reviewing your credit report is a proactive measure against identity theft.

Defending Against Identity Theft
1. Fraud Protection Services
Enlist in our fraud protection services to receive dedicated support in the event of identity theft. Our team of experts will guide you through the recovery process and help restore your financial security. By placing a “fraud alert” on your credit reports, you tell creditors what procedures to follow before they open new accounts in  your name or make changes to your existing accounts.

2. Cybersecurity Education
Stay informed with our ongoing cybersecurity education initiatives. Knowledge is your best defense, and we're committed to arming you with the tools and information needed to safeguard your identity.

3. Swift Reporting
If you suspect any unauthorized activity, report it immediately to our dedicated support team. Time is of the essence, and our swift response can make all the difference in mitigating potential damage.

Your Security, Our Priority
At Hoyne Savings Bank, we are dedicated to ensuring the utmost security for our valued customers. By understanding the threats, implementing deterrents, and staying vigilant, you play an active role in safeguarding your financial future. Together, let's build a digital fortress that stands strong against the ever-evolving landscape of identity theft.