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Protect Your Identity

  • 02/09/2026
  • Posted by Summit Credit Union

The new year is a time for fresh starts and new year resolutions. In this season, add protecting your identity to the top of your list.

Identity fraud took a staggering $43 billion from Americans in 2023, driven by criminals who exploited data breaches, phishing attacks, and even stolen mail to access personal information. If your identity is stolen, it can be used to take over existing accounts, open fraudulent ones, access medical care, file for government benefits, submit tax returns, and much more.

The good news is in the ways you can protect your personal information and minimize its value to fraudsters, even after your data has been exposed.

Create Stronger Passwords

  • A recent report revealed that 64% of Americans do not use passwords that are unique. That means when one account is compromised, others are at risk.
  • Remembering multiple passwords can be tough. Consider using a password manager to securely store and generate strong passwords.
  • Use strong and unique passwords or passphrases that are at least 12 characters long and combine uppercase and lowercase letters, numbers, and symbols.

Use Multi-factor Authentication

  • Add a second layer of defense with your strong password by using multi-factor authentication to make it harder for cybercriminals to gain access.
  • Multi-factor authentication requires a one-time code, sent by text, e-mail, or phone message, or through an installed app on your phone.
  • Multiple websites and apps offer this feature, but not always by default. To turn it on, check your account settings for terms like two-factor authentication, two-step authentication, or multi-factor authentication, and follow the setup steps.

Review Your Credit Report

  • Monitoring your credit report is important for tracking your financial health and spotting errors or fraud.
  • You can request free credit reports from each of the three credit bureaus, Equifax, Experian, and TransUnion at AnnualCreditReport.com to check for suspicious activity.
  • If you are not anticipating taking out a loan or applying for credit in the near future, you can freeze your credit at no cost to prevent unauthorized accounts from being opened in your name.

Remember

Knowledge is power. Please share this with your friends and family.