Recent data breaches have many of us worried that our most sensitive personal and financial information is at risk—with good reason.
For our part, OSB is continually working to ensure that your data remains secure. One way we are doing this is with the introduction of our new Community Checking Account options. Both our Advantage Checking and Advantage Plus Checking accounts feature IDProtect® which includes comprehensive identity theft monitoring and resolution services as well as other features to help you keep your identity safe. You can review these account options here.
Our Online Banking system is also designed to protect you from data theft. It has many safeguards to secure your account information including authentication, SSL, exclusive encryption software, high-end firewalls, and automatic sign-off. For additional details please review the security information on our website.
If you are not utilizing IDProtect® through our Advantage or Advantage Plus checking accounts, here are some other tips you can use to help keep your sensitive information safe:
- Monitor your accounts regularly. Keeping an eye on your bank and other financial accounts is part of being fiscally responsible and allows you to take prompt action if unauthorized activity does occur.
- Report suspicious account activity immediately. If you believe that your OSB Online Banking access ID or passcode has been compromised, or if an unauthorized transaction has occurred, let us know within two business days to mitigate your financial exposure. If you think that your credit information has been stolen, contact one of the major credit reporting agencies (Equifax, Experian or TransUnion) and the FTC Identity Theft Hotline at (877) IDTHEFT (438-4338).
- Set up automatic fraud alerts. In addition to self-monitoring your bank and credit accounts, set up automatic fraud alerts using tools offered by financial services providers like OSB. The three major credit reporting agencies listed above all offer free fraud notifications, too.
- Consider a credit freeze if you are concerned. If you believe you have been impacted by a data breach, you may want to contact each of the credit reporting agencies to ask for a lock on your credit files to stop any new credit information releases until you can determine if your information was actually stolen.
- Check your credit report. Each year, you are entitled to one free credit report from all three major reporting agencies at annualcreditreport.com. Requesting these reports should be a regular practice to proactively monitor the security of your information.
Unfortunately, data breaches are becoming more commonplace in our digital world. That’s why it’s absolutely critical to take every measure you can to protect yourself from identity and data thieves. Choosing one of our Community Checking Accounts with IDProtect® services is a great first step as is implementing the tips above. If you have any questions about our Advantage Checking or Advantage Plus Checking accounts and the protection they provide or OSB’s commitment to your security please contact us.