Safeguarding Your Finances

In today's rapidly evolving digital landscape, the threat of fraud looms ever larger, with malicious people constantly devising new ways to exploit vulnerabilities. As a member of BMI Federal Credit Union, your financial security is our top priority. However, it is essential for you to be the first line of defense in protecting your accounts against potential threats.

Online banking has become an integral part of our daily lives, providing convenience and accessibility. Yet, with these benefits comes risk. The key to safeguarding your finances lies in your awareness of potential threats and taking preventative action.

One of the simplest and most effective ways to stay vigilant is by leveraging the numerous alert features available through our online banking platform. Customizable alerts can notify you of suspicious activities, ensuring that you are promptly informed of any unauthorized transactions, changes to your personal information, a successful login, and so much more. This approach allows you to take immediate action, preventing further damage. Visit www.bmifcu.org/account-alerts to learn how to set up alerts and view FAQ’s.

Furthermore, embracing two-factor authentication (2FA) adds an extra layer of security to your online accounts. By requiring a secondary verification step, such as a unique code sent to your mobile device, 2FA significantly reduces the likelihood of unauthorized access. Make sure to enable 2FA by navigating to “Security” within your online banking “Settings”.

Equally crucial is the importance of guarding your personal information as if it were the key to your front door. Avoid sharing sensitive details with anyone, be it over the phone, through email, or on social media. By exercising caution and discretion, you minimize the risk of falling victim to phishing scams and identity theft.

Overall, being proactive in fraud awareness is paramount in today's digital age. While BMI Federal Credit Union employs robust security measures, your active participation is indispensable. Please continue to utilize online banking alerts, implement two-factor authentication, and safeguard your personal information. Together, we can fortify the defenses against potential threats and ensure the security of your financial well-being.

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(March 2024)