Last week the Consumer Financial Protection Bureau (CFPB) published tips intended to assist consumers protect themselves from fraud and help them in the event they encounter a problem.
"Phishing" is the activity of defrauding an online account holder of financial information by posing as a legitimate company by criminals.
Almost anyone who uses credit or debit cards has the threat of their credit or personal data being compromised. A number of major companies over the recent months have reported breaches of data security. Target, a national retailer, experienced a recent breach of data that could impact tens of millions of consumers, protect yourself!
The Consumer Financial Protection Bureau recommends these four steps:
1). Checking your accounts…