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January 26^th – 30^th is Identity Theft Awareness Week, a time dedicated to educating consumers about the risks of identity theft and the steps you can take to protect yourself. Identity theft can happen to anyone —and often without warning—but staying informed and proactive can significantly reduce your risk.

What is Identity Theft?

Identity theft occurs when someone steals your personal information—such as your Social Security number, bank account details, or online login credentials—and uses it without your permission. This stolen information may be used to open new accounts, make unauthorized purchases, file fraudulent tax returns, or even access medical services in your name.

According to national reports, millions of Americans experience identity theft each year, making awareness and prevention more important than ever.

Common Ways Identity Theft Happens

Criminals are constantly finding new ways to access personal information. Some of the most common methods include:

• Phishing emails and text messages that appear to come from trusted sources
• Data breaches at businesses or organizations that store personal information
• Stolen mail or improperly discarded documents
• Unsecured Wi-Fi networks or compromised devices
• Social media oversharing that reveals personal details

Understanding these tactics is the first step toward protecting yourself.

How to Protect Your Identity

While no method is foolproof, taking these proactive steps can greatly reduce your risk:

• Use strong, unique passwords for online accounts and enable multi-factor authentication whenever possible
• Monitor your accounts regularly for unusual activity
• Review your credit reports at least once a year (you can request free reports from each credit bureau)
• Be cautious with emails, texts, and calls asking for personal information—even if they appear legitimate
• Shred sensitive documents before disposing of them
• Limit what you share online, especially details like your birthday, address, or travel plans

Add another layer of protection by enrolling in Pioneer Bank’s Fraud Text Alerts. If suspicious debit card activity is detected, you’ll receive a text message asking you to verify the transaction. Simply reply “yes” or “no” —your quick response helps stop fraud fast and keeps your account secure.

What to Do If You’re a Victim

If you believe your identity has been compromised, act quickly:

1. Contact your financial institution immediately to report suspicious activity
2. Place a fraud alert or credit freeze on your credit reports
3. Change passwords and PINs on affected accounts
4. Report the identity theft to the Federal Trade Commission at IdentityTheft.gov
5. Keep detailed records of all communications and steps taken

The sooner you act, the better positioned you’ll be to minimize financial and emotional stress.

Identity Theft Awareness Week is a great reminder that protecting your personal information should be a year-round priority. If you ever have questions or concerns about protecting your accounts, our team is here to help.

Stop by a branch or reach out to us—we’re always happy to be a resource for you and your financial security.