As we step into a new year, it's the perfect time to refresh your financial security habits. Cyber threats and scams are constantly evolving, so staying vigilant is key to protecting your hard-earned money. Here are some essential tips to keep your banking safe and secure in 2026:
1. Update Your Passwords
Start the year strong by changing your online banking passwords. Use a combination of letters, numbers, and symbols, and avoid using the same password across multiple accounts. Consider using a password manager for added convenience and security.
How to Create a Strong Password
- Mix it up: Combine numbers, letters (both uppercase and lowercase), and special characters.
- Keep it personal-free: Avoid using easily guessed details like your name, spouse's name, pet's name, birthdays, anniversaries, or any part of your username or email address.
- Go long: Aim for at least 10 characters.
- Add spaces: If the site allows, include spaces—they make your password harder to crack.
- Think passphrase, not password: Use a memorable phrase instead of a single word. For example: eye h8 two Skate!
2. Enable Multi-Factor AuthenticationAdding an extra layer of protection can make a big difference. MFA requires a second form of verification—such as a text code or fingerprint—making it harder for fraudsters to access your account.
3. Monitor Your Account Regularly
Make it a habit to review your account statements and transaction history. Early detection of unauthorized activity can prevent bigger problems down the road. Additionally, you can monitor and manage your Members First debit and/or credit card within internet banking and our mobile app under 'My Cards'.
4. Beware of Phishing Scams
Scammers often pose as trusted institutions to trick you into sharing personal information. Never click on suspicious links or provide sensitive details via email or text. When in doubt, contact your bank directly.
5. Use Secure Networks
Avoid conducting financial transactions over public Wi-Fi. If you need to access your accounts while traveling, use a VPN for a secure connection.
6. Keep Your Devices Updated
Regularly update your smartphone, computer, and banking app(s). These updates often include important security patches that protect against new threats.
7. Set Up Alerts & Notifications
Enable transaction alerts through your Members First mobile app or Internet Banking portal. These notifications can help you spot unusual activity immediately.
8. Review Your Privacy Settings
Limit what you share online and ensure your personal details aren't easily accessible. The less information scammers can find, the better.
Stay safe. Stay secure. Your financial security is a top priority. By following these tips, you can start the New Year with confidence and peace of mind. For more resources and personalized advice, visit our website or contact us.
Steps to Take If Fraud is Detected
Act swiftly if you think you're a victim of fraud or identity theft.
- Report the identity theft to Members First Credit Union of Florida immediately.
- Use your smartphone or mobile device to lock your Members First debit or credit card by navigating to 'My Cards' within Internet Banking or the Members First mobile app. You can also report your card(s) as lost or stolen.
- Cancel your payment card(s) to prevent further fraudulent transactions.
- Change your passwords.
- Balance your account for accuracy. Look at your statements or view your account activity on Internet Banking or our Mobile Banking app.
- Contact the three major credit bureaus (Equifax, Experian, and TransUnion) to place a fraud alert or credit freeze on your credit file.
- File a report with the Federal Trade Commission (FTC).
- File a police report and send a copy to your creditors.
RESOURCES
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