Your Trusted Guide For Personal Data Security
Over 15.4 million Americans were victims of identity theft in 2016. From online data theft to dumpster diving to a stolen wallet, there are many ways that criminals can steal your identity. It’s more important than ever to protect yourself from this growing criminal activity.
Using an identity theft protection service is the best way to minimize risk and protect your personal information from being misused. Doing this not only gives you added convenience and peace of mind, but also provides more advanced identity theft protection than you can achieve on your own.
Identity theft can take many forms, from stealing your complete profile – all of your personal information – to gathering bits of your identity and combining that information with other data to create a synthetic profile, so it’s also important to use a best‐in‐class identity theft protection product that monitors comprehensive activity.
- Early detection of fraud greatly reduces the financial, emotional and legal burden associated with identity theft
- People who use an identity theft monitoring product or service have more control over the safety of their family and their identity
1st Ed Credit Union has partnered with SHERPA® Identity Protection to provide this critical protection service to our members. SHERPA® is powered by the leading provider of global, enterprise‐level identity protection and fraud detection technologies and solutions. Their service goes beyond standard credit monitoring to include a multi‐layered approach to protecting identities—credit monitoring, internet surveillance, lost wallet protection, full‐service identity and credit restoration, and up to $1 million in insurance protection.
You can trust in 1st Ed Credit Union and SHERPA® to help keep your personal information protected. Sign up today to start protecting your identity.
Fraud Effects Far Deeper Than Finances
The FINRA Foundation’s research examines the broader psychological and emotional impact of financial fraud.
- Nearly two-thirds of self‐reported financial fraud victims experienced at least one non-financial cost of fraud to a serious degree‐‐including severe stress, anxiety, difficulty sleeping and depression, according to a new report from the FINRA Investor Education Foundation.
- The most commonly cited non-financial costs of fraud are severe stress (50%), anxiety (44%), difficulty sleeping (38%), and depression (35%).
The report found that, beyond the psychological and emotional costs, nearly half of fraud victims reported incurring indirect financial costs associated with the fraud, such as late fees, legal fees and bounced checks. Twenty‐nine percent of respondents reported incurring more than $1,000 in indirect costs, and 9% declared bankruptcy as a result of the fraud.