In our fast-paced, data-driven day and age your personal information can be vulnerable to identity theft, phishing or other fraudulent activity. At First Atlantic, we take the safety and security of your accounts seriously and are committed to protecting your financial information. Our Security Center provides alerts, notices and tips, to keep you one step ahead and always protected.In our fast-paced, data-driven day and age your personal information can be vulnerable to identity theft, phishing or other fraudulent activity. At First Atlantic, we take the safety and security of your accounts seriously and are committed to protecting your financial information. Our Security Center provides alerts, notices and tips, to keep you one step ahead and always protected.
Be informed and read more about the latest fraud alert as well as how to safeguard your account.
Protecting Your Identity
According to the FBI, identity theft is the fastest-growing white-collar crime in the nation. Identity theft occurs when an individual uses another person's name, bank information or Social Security number to apply for credit. The identity thief can then use the credit in any way they please, potentially running up huge credit card balances and creating havoc with the victim's good name and credit rating.
Here are a few steps you can take to avoid becoming a victim:
- Do not reveal personal information unless you know how it will be used or shared.
- Carry only the identification and bank/credit cards you actually need.
- Do not give out personal data over the phone, through the mail or on the Internet unless you have initiated the contact.
- Shred or tear up your charge receipts, credit card solicitations, expired cards, statements, checks and other sensitive personal information.
- Give your Social Security number only when absolutely necessary. Ask to use other identifying information.
Here's what to do if you suspect your personal information has been misused:
- Immediately contact First Atlantic, any other banks and your credit card issuers. They can review your accounts for fraudulent activity and if necessary, stop payments on checks, change personal identification numbers and passwords and open new accounts.
- File your complaint at ftc.gov, and then visit the FTC's Identity Theft website at www.consumer.gov/idtheft.
- File a report with your local police department. The report will be helpful in explaining to creditors that you are a victim of identity theft.
- Contact the fraud departments of each of the major credit bureaus.
Monitoring Your Credit Report
Your credit report gives you a single snapshot of your past credit activity and includes four basic types of information:
- Identification and employment information. Personal information, such as name, birth date, Social Security Number and employer.
- Payment history. A list of the accounts you have with different creditors, showing how much credit they extended to you and whether or not you have paid on time.
- Inquiries. A record of the lenders and creditors that have requested your credit history.
- Public Record Information. Events that are a matter of public record, such as bankruptcies, foreclosures or tax liens.
There are three credit reporting agencies in the United States that gather and document this information - Equifax, Experian and TransUnion. Credit card companies, mortgage lenders and others purchase this information from these agencies to evaluate your ability to repay debt and decide whether they should approve your credit card or loan application. A potential landlord or employer may also request this information.
As a result, checking your credit report regularly - at least once a year - is a good idea. That way when you're ready to buy something like a house or a new car, you'll know how good your credit is. You'll also want to be sure that the information is correct and free of any fraudulent activity. Your credit report will show if anyone else has tried to apply for credit using your name and personal information.
Requesting a copy of your credit report
According to a new federal law, you are entitled to request a copy of your credit report—free once every 12 months—from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
A central, authorized site has been established for consumers to make their requests. To obtain your free annual credit report, visit www.annualcreditreport.com. You'll be able to view, download and print your credit report almost immediately. You can also call 877-322-8228 to make your request.
In addition, a credit report can be ordered from each of the credit bureaus listed below. The reports are usually less than $10, but they are free if you've been turned down for credit, employment or housing in the past 60 days.
|Credit Bureau Address||Credit Report Request|
Equifax Credit Information Services, Inc.
Be sure to review your report carefully. Check to be sure all information is accurate. Look for evidence of fraud-any accounts you didn't open or charges you didn't make. If you find any information you believe is in error, contact the reporting agency immediately to request that the errors be corrected.
Cashier's Check and Money Order Fraud
Due to the increasing capabilities of new technologies and the Internet, counterfeit personal and business checks, cashier's checks and money orders have become more common in the past few years. The individuals accepting these fraudulent forms of payment are the ones who bear the financial loss.
Here are a few tips to help you stay protected:
- Know who you're accepting the check from. If you receive a check from a stranger, discuss it with us before depositing the check or transferring anything of value. If you're doing business online, try to avoid accepting checks and money orders as payment for an online purchase
- Never take part in a transaction that doesn't seem right. For example, if you receive a check for more than the amount due and are asked to wire the difference to a specific account, most likely the check is a fake.
- Watch out for any "red flags"- if you are asked to send money out of the country, pressured to ask quickly, instructed to keep quiet about the transaction, or if it just seems downright suspicious, do not accept or deposit the check.