As National Consumer Protection Week continues, here are some basic steps you can take to protect yourself. Phishing and identity theft are serious problems, costing banks, credit unions and consumers millions of dollars every year. In many cases involving credit card fraud, your bank or credit union assumes most of the risk. But even in cases where the customer is made whole, and the bank or credit union covers the fraudulent charge, the consumer pays a price in terms of inconvenience and occasionally with a hit to their credit that takes time and effort to clear up.
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Fraud Protection & Security