At Lake Community Bank, we take security seriously. Safeguard your accounts and information.
Our Credit Monitoring program can alert you to potentially fraudulent activity. An alert is provided when any one of the following activities is reported: new account opening, credit inquiries, payment delinquencies, public record changes and change of address. Our Identity Theft product is included in the Credit Monitoring program. To sign up for Credit Monitoring, please contact one of our Relationship Managers.
Identity Theft is the smart choice for safeguarding your identity. Our Identity Theft program includes several benefits: consultation; safety guidelines, rights under federal and state laws, best practices, help interpreting reports, assist in the event of a stolen/lost wallet, fraud alert assistance and credit freeze consultation. To sign up for Identity Theft, please contact one of our Relationship Managers.
Our Card Valet service takes debit card security to a new level. Simply download our Card Valet app and manage your debit card with the touch of your fingertip:
- Turn your card ON and OFF with a simple click
- Customize notifications for your transactions
- Track spending from your mobile device
- Set location alerts
- Set spending limits
Apple, the Apple logo, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android and Google Play are trademarks of Google Inc.
Want additional tips to protect yourself?
From physical safeguards to digital safeguards, we protect your information. There are steps that you can take, too! Check out these great tips from the FTC:
https://www.consumer.ftc.gov/topics/privacy-identity-online-security and visit our website often for updates.
The FTC has you covered with this informational video regarding Identity theft: https://www.youtube.com/watch?v=9wFAAhVaXz4 and here is another video which speaks to the importance of reporting fraud: https://www.youtube.com/watch?v=2DocHwQF_nE
We recognize the importance our customers place on the privacy and security of their personal information. Our goal is to protect your personal information in every way that we interact with you, whether it's on the telephone, in our lobby, at one of our ATMs, or on the Internet. Lake Community Bank and our service providers have developed strict policies and procedures that require confidential treatment of your information. We restrict employee access to your personal information on a "need to know" basis and educate our employees about the importance of customer privacy and to help ensure compliance with our policy requirements.
What should I do to protect myself from online fraud?
- Change your passwords often.
- Don’t use the same ID and PIN/Password for every online account you have.
- Never disclose your login credentials to other people or companies.
- Do not store your ID and Password information where others could gain access to it. It is best not to write the information down at all.
- If accessing information via a wireless network, ensure that the network is secure. Accessing sensitive information (or any website) over a non-secure network simply leaves the door open for criminals. Even if you aren’t visiting a site where you enter an ID and password, you are still leaving your computer exposed to possible threats.
While nothing is foolproof, and new viruses and scams are being developed every day, following these guidelines as well as having a general awareness of the threats that are out there enables you to bank online with more peace of mind and less risk of being a victim of fraud.
Other Helpful Tips to Stay Secure
- Install a consumer firewall/router to protect your home network and never connect your computer directly to your cable modem. There are many qualified vendors who provide choices so check with your computer specialist for one that’s right for you.
- Do not use the default password or default settings for your firewall. If unsure how to configure and secure the firewall correctly, use the services of a professional.
- Make sure you have an anti-virus solution installed on each computer. Ideally, use a software package that includes anti-virus, software-based firewall, anti-spyware, anti-malware and anti-phishing.
- Always keep your desktop security services software up to date including the latest releases of the software itself as well as updated virus definition files.
- Be wary when opening email from people that you do not know.
- Do not click on random pop-ups when browsing the Internet.
- Change your passwords on a regular basis and do not use the same user id and password for every account.
- Choose “strong” passwords that include mixed-case letters, numbers, and valid symbols (e.g. underscore or dash).
- Run update processes on a regular basis to keep up with the latest security fixes and patches.
Be wary of any offer that seems too good to be true or one that asks you to provide any personal information. Most companies will not ask for personal information (e.g. credit card numbers, Social Security numbers, account numbers, etc.) through email.
Data Breaches: Protect Your Information and Money
Banks are national leaders in preserving the security of customer data. The industry dedicates hundreds of millions of dollars annually to data security, and adheres to strict regulatory and network requirements. The banking industry’s first priority is to protect consumers and make them whole.
In the event of a data breach:
- Report any suspected fraud to your bank immediately.
- Use online banking to protect yourself. Monitor your financial accounts regularly for fraudulent transactions. Sign up for text or email alerts from your bank for certain types of transactions, such as online purchases or transactions of more than $500. Ask us to learn how!
- Beware of phishing scams. Never give out personal financial information in an email or over the phone unless you have initiated the contact.
- Monitor your credit report. Order a free copy of your credit report every four months from one of the three credit reporting agencies at annualcreditreport.com.
If you suspect you might be a victim of identity theft, contact the three major credit bureaus listed below to learn about placing a Fraud Alert on your credit file:
Equifax: P.O. Box 740250 Atlanta, GA 30374- 0241 Report fraud: Call (888) 766-0008 and write to address above. TDD: (800) 255-0056 Web: www.equifax.com
Experian: PO Box 9532 Allen TX, 75013 Report fraud: Call (888) 397-3742 and write to address above. TDD: Use relay to fraud number above. Web: www.experian.com/fraud
Five Tips to Establish Good Savings Habits
- Pay yourself first. If you wait to see what's left over, you are less likely to save. Determine in advance how much money you plan to keep on deposit each month. If you receive a raise, increase the amount of money deposited into your savings account.
- Take advantage of bank technology. Consider automatic payroll deductions or automatic transfer from checking to savings. Arrange to have a specific amount transferred to your savings account every pay period. Ask us how!
- Pay your bills on time-and pay more than the minimum amount. Although 97 percent of Americans pay their bills on time, some consumers find themselves paying late fees. Alleviate the hassle by scheduling time once a month to pay bills, and put them in the mail with enough time to get to the creditor. Ask us about our Bill Payment product!
- Determine needs versus wants. Do you need to eat out every day for lunch? Do you need that gourmet cup of coffee in the morning? By bringing your lunch to work a couple days a week, you can save hundreds of dollars a year.
- Talk to us. Ask which package of bank products and services would best suit your needs. Your banker is the best source of information about accounts and services available at your bank.
Family Financial Education Resources
- Financial Protection for Older Americans
- Personal Finance Tips for Young Adults
- Fun and Educational Tools For Kids
- Saving For College
- Teaching Children the Financial Facts of Life
Annual Credit Report
Consumer Protection Basics
ID Theft and Online Security
National White Collar Crime Center
Contact us if you have any questions or concerns. Your financial safety and security is our goal.