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4 Ways Older Americans Can Reduce Fraud Risk

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Keep Your Accounts Safe

According to the 2017 Older Americans Benchmarking Report, one-third of the U.S. population is comprised of people over the age of 50 who hold 70 percent of deposit balances in U.S. financial institutions.

That makes them prime targets for fraudsters. Luckily, there are affordable options to help keep your information safe.

Here are four ways that older Americans can reduce their fraud risk:

  1. Monitor your credit report: Take control of your security, and don’t wait for the problem to happen to you. Peoples Bank offers affordable credit monitoring, freeing you from the burden of tracking your credit report.
  2. Don’t fear your smart phone: Embrace it. Smart phones have security functions so you can monitor your accounts from the palm of your hands. It’s the easiest and quickest way to stay on top of your accounts.
  3. Keep personal information safe. Never share your social security number or other private information with someone over the phone or internet, unless you initiated the contact.
  4. Report suspicious activity. If something doesn’t seem right, don’t hesitate to contact local law enforcement officials. You just might be helping the next person.

Don’t let fraudsters take advantage of you. If you want to learn more about how to protect yourself, let us know and we can help.

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