I.D. Safe Choice Protection Plan
At Dade County Federal, your privacy and the security of your financial information is our top priority, and we are continually upgrading our systems to that end. To assist in providing the security measures to fight identity theft and fraud, all Dade County Federal Secure Checking accounts come with the ID Safe Choice security protection plan for a low monthly cost of $1.99. This service will assign you a professional Identity Recovery Advocate, who will assist you with the necessary paperwork and other details to help restore your identity and resolve any issues. Plus, you have reimbursement insurance for any necessary recovery expenses up to $25,000*, like lost wages or attorney fees. ID Safe Choice Protection Plan includes:
- A professional Identity Recovery Advocate to help restore your identity.
- Assistance with all necessary paperwork.
- Reimbursement insurance for any recovery expenses up to $25,000*.
- Identity theft recovery benefits for all your accounts, including non-DCFCU accounts.
- Coverage extended to your immediate family members within the same household.
Click here for a detailed explanation of ID Safe Choice coverage
What Is Identity Theft? Identity theft happens when your personal information, typically your Social Security number (SSN), is stolen and used to commit fraud or theft. The thief can use this information to rent apartments, buy cell phones, drain your bank account or obtain loans and credit cards. In worst-case scenarios, thieves can even hold a job or commit a crime using your identification. According to the Federal Trade Commission (FTC), identity theft affects nearly 400,000 people in the US each year. A person whose identity has been stolen can spend months or years and thousands of dollars to clean up the mess made of their good name or credit record. For more information about Identity Theft, please visit the FTC Web site at www.consumer.gov/idtheft. How Can It Happen? Identity thieves have high and low-tech ways of stealing your personal information. They can search through your trash or hack into your personal computer. The following are just a few examples of items identity thieves look for:
- Your wallet or purse containing ID, credit cards, debit cards.
- Bank statements or receipts.
- Mail credit card statements, checks, tax information, pre-approved credit card offers, etc.
- Personal information from your home or home computer.
- Files from offices where you are a customer, employee, patient or student.
Minimize Your Risk Now that you are aware of identity theft and how it occurs, these steps can lower the chance that it will happen to you.
- Order a copy of your credit report. Make sure it’s accurate and includes only the activities you have authorized. Do this at least once a year to catch mistakes and fraud before they wreak havoc on your personal finances.
- Guard passwords and PINs that allow you to access your credit card, financial and phone accounts and avoid using easily available information such as your mother’s maiden name, your birth date, the last four digits of your SSN or your phone number.
- Secure personal information in your home. Remove your new mail from the mailbox promptly and send outgoing mail from the post office or other secure mail boxes. Tear or shred your charge receipts, copies of credit applications, physician statements, checks and bank statements. Where available, arrange to receive your account statements online instead of on paper.
- Review your account statements on a regular basis, and use online or phone balance and transaction review features. These are among the best ways to watch for fraudulent activity on all of your financial accounts.
- Find out who has access to your personal information at work and verify that records are kept in a secure location.
- Don’t carry your SSN card leave it in a secure place.
- Learn how to keep your computer and personal information safe.
If you have questions or would like more information about Identity Theft recovery, please call 305-471-5080.