Last week the FBI warned U.S. retailers that credit card breaches, like the one Target experienced over the holidays, could be on the rise. So, how can you protect yourself and your personal information?
1. Place a fraud alert on your credit reports. This tells lenders and creditors that they must contact you before extending a credit line or loan in your name.
2. Monitor your credit. Services, like Credit Karma, can provide free credit monitoring, which alerts you when important changes occur in your credit report (like a new account opened in your name).
3. Set up e-mail alerts. Sign up for your bank or credit card service’s financial account monitoring, which will e-mail (or send an alert to your smart phone) you when a large or out-of-the-ordinary purchase is made on your account.