Fraud Protection
Your Security Is Our Priority
We understand that in today's digital age, fraud can happen to anyone. We are committed to safeguarding your financial information and helping you stay protected against fraud. Here you'll find useful tips, tools, and resources to help you recognize, prevent, and respond to fraudulent activities.
How We Protect You
Fraud Monitoring
Our advanced fraud detection system constantly monitors your transactions for any unusual activity. If we spot something out of the ordinary, we'll alert you immediately, so you can take action quickly.
Real-Time Alerts
Stay in the know with instant notifications about your account activity. Receive text or email alerts whenever there's a large purchase, a new login, or other potentially suspicious behavior.
Multi-Factor Authentication
We utilize state-of-the-art encryption, multi-factor authentication (MFA), and secure login methods to protect your personal information and prevent unauthorized access.
Control Your Cards on Your Terms
Our CardProtect tool allows you to control and monitor your debit and credit cards, giving you the ability to turn your cards on/off at your discretion, add alerts, set spending limits based on location, amount, merchant type or transaction type, and more.
Common Types of Fraud
The best line of defense in preventing fraud is being able to detect it. Learn about the most common scams and how you can spot them.
Phishing
Phishing is a type of cyber-attack where criminals impersonate legitimate organizations to steal sensitive information.
Romance Scams
Romance scams involve a fraudster pretending to be romantically interested in someone to exploit them financially.
Lottery Scams
Lottery scams involve fraudulent communications claiming you’ve won a lottery or sweepstakes that you didn't enter.
Grandparent Scams
Occur when fraudsters impersonate a grandchild or family member in distress urgently needing money.
Cryptocurrency Fraud
Cryptocurrency fraud refers to schemes that trick individuals into investing in illegitimate or fake crypto opportunities.
What to do if you suspect fraud
- Notify your bank and credit card issuers immediately so they can close your accounts.
- Report the fraud to the Federal Trade Commission at ReportFraud.FTC.gov
- Contact the fraud unit of the three credit reporting agencies. Place a fraud alert on your credit report and consider placing a credit freeze so the criminal can’t open new accounts. The fraud unit numbers are:
- Equifax: (866) 349-5191
- Experian: (888) 397-3742
- TransUnion: (800) 680-7289
- File a police report.
- Make sure to maintain a log of all the contacts you make with authorities regarding the matter. Write down names, titles and phone numbers in case you need to contact them again or refer to them in future correspondence.
To learn more about fraud and identity theft prevention, visit the Federal Trade Commission’s scam alerts page at https://www.consumer.ftc.gov/features/scam-alerts.
Cyber Liability-It’s Not Just For Businesses
Cyber liability may be one of the newer products on the insurance market, but it’s one that we at Stockman Insurance strongly encourage business owners not to overlook
The aftermath of a cyber attack can be detrimental to a business if you’re not properly covered.
This type of policy protects your business against data losses caused by cyber-attacks, viruses, and other threats.
Cyber liability, in general, is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology.
Insurance can be purchased and “risk-based” security strategies can be used to mitigate against both the first and third party risks caused by cyber liability.
Do you think your business is too small or couldn’t possibly be exposed to a cyber liability exposure? Think again!
No matter how large or small your business is, if you’re keeping ANY sort of personally identifiable information regarding your customers or employees, your business could be at risk.
According to the 2017 Cyber Claims Study done by NetDiligence, “companies with less than $50M in revenue were the most impacted, accounting for 47% of the claims”.
The same 2017 NetDiligence study found that “the average total breach cost was $349,000”. That size of loss could break most small businesses.
It’s the goal of Stockman Insurance to make sure you have the proper coverage in place to avoid a massive setback of that size or worse…a business-ending loss.
Like all other lines of insurance coverage, there’s not a one-size-fits-all solution.
Depending on who you’re storing the information for (yourself, your clients or both) will help determine which type of policy is the best fit to protect you and your business.
Not all policies are equal, but Stockman Insurance agents are determined to find you the most effective and affordable cyber liability solution. Whether your business is big or small, cyber liability is your defense against a cyber attack!
