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Six Ways to Boost Your Fraud IQ

Contributed by: Chase

It’s easy to believe that fraud would never happen to you or that if it does, it was not preventable. However, those are both common misconceptions - fraud protection is simple and can be started today. Learn how to identify scams and protect your finances with these quick tips:

  1. Sign Up for Account Alerts – Bank notifications by email and text will immediately inform you of any changes in your account. For these alerts, data and messaging rates may apply.
  2. Switch to Online Statements – Online statements have more security controls built in than statements delivered by mail. Transactions can also be monitored more frequently.
  3. Guard against Email and Phone Scams – Avoid giving account information or clicking links in emails; instead visit the bank’s site directly.
  4. Get Savvy with Passwords – Using the same password for multiple login credentials could grant a fraudster access to even more of your accounts once one has been compromised.
  5. Skip the Swipe with a Chip-Embedded Card – Chip technology produces a single-use code during the transaction which prevents fraudsters from being able to use card information to make purchases.
  6. Act Immediately if Something's Fishy – If you notice an unfamiliar charge, report it before other fraudulent transactions have time to accrue.

Help safeguard your financial future by reading the full article on Chase’s blog, Financial Fitness.

Fraud prevention is important to cardholders, banks and businesses.

Visit http://www.aicpa.org/chase or call 888.213.8445 for more information on the AICPA Chase credit card processing program for AICPA members.