Cybercrooks and Retirement Accounts

You check your bank account regularly for signs of cybertheft because it’s a smart thing to do, but when was the last time you looked at your retirement accounts?

Most people don’t check all that often, but experts say cybercrooks are always looking for ways to steal money and retirement accounts are tempting targets.

Their Advice

Check your account regularly. You should also review your profile to make sure your personal information is correct. If you notice any discrepancies or withdrawals, contact your plan administrator immediately.

There are a number of other things you should do.

Be Aware

Beware of email that claims to be from your retirement account or broker telling you there is a problem with your account, and then giving you a link to verify your information. That link could take you to a fake website designed so crooks can steal your login and password. You should type your plan’s official website in by hand or call their actual customer service number to verify any potential problem.

Have Strong Passwords

If you haven’t already done it, you should make sure to create a strong retirement account password, one with a combination of upper and lowercase letters, symbols and numbers that would be hard to guess.

Use Two-Factor Authentication

Consider using two-factor authentication for extra security. This makes it harder for hackers because before you can log in, you’ll be sent a unique code either by a text to your phone or via email that you’ll need to enter before you can access your account. Baltimore County Employees Federal Credit Union  requires two-factor authentication to access accounts online.

It’s important that you take the time to regularly monitor your account and protect your hard-earned money.

You've worked hard for your finances. Our promise is to help you keep them safe. If you have a retirement account with Baltimore County Employees Federal Credit Union you can monitor it through Online or Mobile Banking. If you notice anything out of the ordinary contact us right away at 410-828-4730, 800-234-4730, or by email.