Identity theft and cyber scams continue to be a threat. It can happen to anyone at any time. Banks work hard to protect your money and keep your accounts safe, but it's crucial that consumers protect themselves from becoming a victim.

Here are five tips all consumers can implement to reduce the risk of becoming a victim of cyber scams.

  1. Create strong passwords.
    The first step in protecting your finances is to use strong passwords that have both uppercase and lowercase letters, numbers and special characters to create a powerful first line of defense.
  2. Use unique passwords.
    Use unique passwords for each system and do not duplicate passwords. If you're worried about forgetting your new password, consider utilizing a password manager to store and protect your passwords. A password manager can make remembering loan and complicated passwords easier.
  3. Don't share your information.
    Personal data should be kept personal. Be cautious with whom you share this information. Never write down your information, especially your passwords. Protecting your computer and passwords can reduce your account vulnerabilities.
  4. Enable multi-factor authentication.
    Two-factor or multi-factor authentication provides an additional laye rof security when logging into your online or mobile banking account. After entering your username and password, you'll be required to complete a second verification step. This may involve entering a one-time code, verifying through an automated phone call, using biometric authentication, or identifying an image. This extra step makes it more difficult for hackers to access your account, even if they have your password.
  5. Check your accounts regularly.
    Ensure your accounts are safe by regularly monitoring the balance and activity. Sign up for banking alerts when available. These alerts will trigger a text or email based on the parameters your set to notify you of any potentially fraudulent or suspicious activity.

If you have questions about keeping your money safe, contact your local banking office. If you suspect fraud, contact your bank immediately.

This message is provided by Iowa State Bank in partnership with the Iowa Bankers Association.