ę Copyright 2016 Commonwealth Financial Network
"Going green" for banking and bill payment will put me at high risk for identity theft.
Tales of phishing scams and Internet security breaches make us all concerned about the safety of our online accounts. But according to a report from Javelin Strategy & Research, most people overestimate the risk of online fraud. For instance, about 90 percent of identity theft cases begin offlineŚwith acquaintances or family members who steal victims' bank statements or passwords. Nevertheless, the public's perception of increased risk has not gone unnoticed by the financial industry. As a result, most banks and other financial institutions have installed the highest level of data protection allowed by law.
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