Equifax Canada’s Fraud Prevention Tips

Credit bureaus such as Equifaxcanada and transunioncanada have been aiding banks and people in determining their credit scores to know whether they are still capable or eligible for a credit card or not. They also make sure that the people will not be able to protect their identity. Here are several ways identified by Equifax Canada to aid credit card owners in preventing fraud and identity theft.

Review credit report regularly. It is recommended that you check your credit report at least once a year. Equifax also suggests considering subscribing to credit monitoring services that will alert you of suspicious activities like when someone tries to access your account.

Handle your financial accounts and transactions online. Online transactions are easier to access and it has been proven that people who frequently monitor their account online are most likely to unfold fraud the fastest.

Limit information shared on social media sites. Never provide personal information unless you personally know the person or you initiated the contact. Avoid clicking websites that will let you encode personal information especially when you don’t know the site.

Shop on secured websites . Find the approved security symbol on an online retailer before making a purchase. Conduct transactions on an encrypted site.

Reduce unnecessary access to your personal information wherever possible. Avoid carrying your secured credit cards or social security cards when not necessary. When transacting in public, make sure that you cover your keypad and any screens that display sensitive data.

Avoid mailing cheques to pay credit card bills. Equifax recommended paying bills online and taking advantage of online banking sites. But make sure that your firewall, antivirus and security software are activated to prevent hackers from getting your account information.

These are just some ways to prevent identity theft. It is very important to be extra cautious in everything that you do especially when you use your credit card