Naugatuck Savings Bank is committed to providing its customers with the latest information on preventing Identity Theft, Check Fraud and Internet Scams.
Don't become a victim.
Safeguard Your Business and Personal Information from Internet Fraud.
Not only do individual consumers fall prey to Internet fraud but businesses can also be vulnerable to unauthorized account activity. Here are a few tips to safeguard your information.
• Keep your operating system, Internet browser and all of your computer programs up to date.
• Install good antivirus and anti-spyware software programs and make sure to keep it updated.
• Perform a daily virus scan on your computer.
• Use a dedicated computer for Internet Banking only. Do not check email or surf the web with this computer.
• Check your account activity on a daily basis. This will help you detect any fraudulent activity. Report any unauthorized transactions immediately.
• Change your passwords often and never share passwords. Create strong passwords using a combination of numbers, letters and special characters that do not include personal information such as your name, birth date or pet names.
What You Should Know about Preventing Check Fraud
Check cashing scams are a very serious and widespread problem. If you receive an offer that appears too good to be true; it probably is. Many innocent people become victims of counterfeit check schemes because they are tempted by false promises and hopes of making a lot of money.
Counterfeit check schemes may appear in many ways such as winning a foreign lottery, check overpayments, work from home scams, Internet classified ad scams or auction merchandise scams. Fake checks can appear as cashier's checks, money orders, corporate or personal checks.
Although the bank may allow you access to the funds from a cashed or deposited check, it doesn't necessarily mean the check is valid and will be paid. If the check is not paid the bank has the "Right of Offset" which means they have the right to take that amount from your account and/or collect the amount from you regardless of when the funds were made available to you. Your legal responsibility starts as soon as you sign the back of the check that you are cashing or depositing. If you are concerned about a check you have received, please visit one of our branches or call us at 203.729.4442 or toll free 877.729.4442.
The Federal Trade Commission estimates that as many as 9 million Americans have their identities stolen each year.
What is Identity Theft?
Identity Theft often occurs when someone steals your personal information, such as bank account numbers, credit card numbers, your Social Security number, etc. to commit fraud or theft.
You often don't know you've become a victim until fraudulent activity shows up on your bills or credit reports.
It is recommended that you review your credit report annually. You can do so by visiting www.annualcreditreport.com to order a free credit report.
Safeguard Personal Information from Being Stolen
- Use secure PINs (personal identification numbers), passwords and a secure web browser.
- Do not use obvious passwords such as your birth date, mother's maiden name, Social Security number, etc.
- Review all statements upon receipt and shred any unnecessary documents which contain personal information.
- Do not store financial information on a laptop computer which can easily be stolen.
- Beware of solicitors - do not give out information unless you have initiated the contact.
- Do not leave outgoing mail in your mailbox and collect your incoming mail daily.
- Be aware of the latest fraud scams.
- Learn how to secure your financial information.
- Be proactive in reviewing your credit history.
If You are a Victim of Identity Theft
- Contact Naugatuck Savings Bank at 203.729.4442 or toll free at 877.729.4442 if you suspect any fraudulent account activity.
- Contact each of your creditors to determine if there has been any unauthorized account activity or any new accounts have been opened. Keep records of all communication.
- Immediately file a report with your local police department and keep a copy of the report.
- File a complaint with the Federal Trade Commission online at www.ftc.gov or call 877.IDTHEFT.
- Contact each of the three credit reporting agencies to have a fraud alert placed on your account; creditors will then be instructed to obtain your authorization before opening any new accounts.
For more information on Identity Theft, contact the Federal Trade Commission at www.ftc.gov or call 877.IDTHEFT.
The FBI provides a convenient and easy-to-use notification that alerts authorities to suspicious Internet activity. Internet Fraud Complaint Center
OnGuardOnline.gov provides practical tips from the federal government and technology industry on securing your computer and your personal information against Internet fraud. http://onguardonline.gov/index.html
The Better Business Bureau has developed a program that provides information to consumers about protecting identity in the virtual world. BBB Online - In the Virtual World
The Privacy Rights Clearinghouse is a non-profit consumer education, research and advocacy program. Their site provides practical tips on privacy protection. Privacy Rights Clearinghouse
Naugatuck Savings Bank provides Identity Theft resources for informational purposes only. As no one can guarantee that you will never become an identity theft victim, being an informed consumer can reduce that possibility.
Phishing (pronounced "fishing") is an electronic scam that attempts to obtain confidential personal or financial information from you. It takes the form of a fake message, usually an email, which appears to be from a financial institution or service provider. The message usually includes the company name, logo and a link to a look-alike website which instructs you to update your account information by providing your Social Security number, bank account number, PIN, password, birth date, etc. with a dire warning if action isn't taken. A phisher can then use your personal information to commit fraud.
In order to avoid becoming a victim of a phishing scam, you need to know what to look for:
In a typical phishing case, you will receive an email that appears to come from a reputable company, such as your financial institution, government agency or credit card company, but it is actually not authentic.
Email addresses are harvested from publicly available sources or through randomly generated lists. Phishers send out millions of emails at a time hoping to catch the customers of a targeted company by pure chance.
While some emails are easily identified as fraudulent, including some containing tabloid-style headlines to get the user to open them, others may appear to come from a legitimate address and trusted online source. Do not rely on the name or email address in the "from" field as this is easily forged.
The message will describe an urgent reason you must "verify" or "re-submit" personal or confidential information by clicking on a link embedded in the message. Note: with the high volume of mergers within the financial services industry, phishers will often try to get your personal information by insisting they need it in order to transfer your accounts from one institution to another.
Once inside the fraudulent website, you may be asked to provide Social Security numbers, account numbers, passwords or other information used to verify your identity such as your mother's maiden name or place of birth.
A fraudulent email may also include links and/or attachments that contain computer viruses and/or keystroke loggers and should not be clicked on or opened.
Other typical phishing scams include fake job offers, surveys, bogus prize awards, gift certificate offers or money laundering schemes.
Reporting Identity Theft and Phishing
Naugatuck Savings Bank will never ask you to confirm your account number, PIN, password or any other personal information via email. If you are concerned that you have received a fraudulent email, disclosed confidential information or have questions about online security, please contact Naugatuck Savings Bank at 203.729.4442 or toll free at 877.729.4442.
Special Alert from the FDIC
The Federal Deposit Insurance Corporation (FDIC) has been notified that consumers have received emails that appear to the reader to be related to banking activities. The fraudulent emails request that the recipients respond to a notice from their bank to confirm an online payment to be made for products purchased. The link contained within the email serves as a gateway to the fraudulent website. The fraudulent website is designed to look like a page from the FDIC's authentic web page, where the individual is then directed to provide sensitive financial and personal information, such as bank or credit card account numbers.
The use of this type of email scam, seeking to obtain sensitive information from individuals, is referred to as "phishing." The FDIC provides information on its web site that explains more about phishing and other types of fraudulent activity targeting customers. This alert is intended to warn consumers that the fraudulent email, which could also possibly contain a computer virus, was not sent by the FDIC. Financial Institutions and consumers are warned NOT to access the link or submit personal information through this site. Additionally, as a reminder to all consumers, the FDIC strongly recommends that individuals safeguard personal information and refrain from responding to any unsolicited request for personal information.
For more details, visit the consumer news page on the FDIC website at www.fdic.gov/consumers/index.html