Many of you already know that online banking, mobile banking, and bill pay are convenient services that can provide far-reaching environmental benefits in terms of saving paper. But there's an added benefit of going paperless: It can reduce the risk of identity fraud.
According to the Javelin Strategy & Research 2011 Identity Fraud Survey Report*, fraudsters continue to use traditional methods to gather information, including stealing paper mail—as well as paperwork in your trash—which may contain account numbers or other confidential information. Reducing the number of paper statements and bills accessible in the mailbox, around the home, and in the trash, reduces the risk of others stealing your personal information.
Although the Javelin survey notes incidents of reported identity fraud declined last year, the need for people to protect their personal and financial information has not! The good news is that Wells Fargo's multiple-layered approach to online and mobile banking security makes going paperless a great alternative.
By banking with online and mobile services, you can have added peace of mind that these security measures help safeguard your identity and accounts, while saving paper at the same time. In addition, Wells Fargo recently announced fraud prevention tips with a focus on three major categories:
- Stay current.
- Be informed.
- Use caution.
Remember, knowledge is power! Please use this information, as well as technology, to protect yourself.
*As part of Wells Fargo's ongoing commitment to fraud prevention education, we've co-sponsored the Javelin Strategy & Research Identity Fraud Survey Report since its first launch in 2003.