Identity thieves and perpetrators of fraud find many ways to access your personal information. They may:
- Go through your trash or recycling bin at home, work, or the public landfill
- Misrepresent themselves as working for a legitimate organization (medical office, pharmacy, government agency, charity) to try to trick you into divulging bank account numbers or other personal information
- Send you emails that look like they are from your bank or another institution you trust asking for personal data
After a perpetrator has gained access to your personal data, such as your social security number, health insurance information, or bank account numbers, they can:
- Drain your bank accounts or investment accounts
- Run up charges using your credit cards
- Apply for loans and credit cards in your name
- Open accounts for utilities, new charge cards, and other items in your name
- Get medical treatment or prescriptions using your health insurance
- Sometimes, give your name to the police in the event of an arrest
First Commonwealth Bank and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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Infinex and First Commonwealth Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
*We do not provide tax advice. Consult your tax advisor.
*Diversification is a method of controlling risk. It does not assure a profit or the avoidance of loss.
**Dollar-cost averaging is a method of controlling risk. It does not assure a profit or the avoidance of loss. Investors should consider their ability to continue a dollar-cost averaging program in periods of declining markets.