Did you know? Active-duty Service members are nearly three times more likely than other adults to report that someone used a debit card or some other electronic means to take money from their bank account according to the Federal Trade Commission (FTC).
Military families are consumers of goods and services, just like other families. Military life, with frequent moves and deployments, can add some additional challenges when it comes to protecting your financial life.
Click on the topics below to learn more about how to best protect and empower your family leading you to a stronger financial future.
Financial Technology
Scams
Identity Theft
Legal Protections for Service Members
What to do when you’ve been compromised
Each situation will be different but the key is to act quickly!
Step 1 — Call the companies where you know fraud occurred.
Step 2 — Place a fraud alert and get your credit reports.
Step 3 — Report identity theft to the FTC.
Also consider changing login information to financial institutions. You may need to order new credit or debit cards so be sure to factor that into your recovery plan if you have automatic bill pay tied to your old cards.
Visit www.identitytheft.gov for a comprehensive action plan specific to your situation.
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