Home
The Washington Trust Company
Talk to Us
Account Access

10 Ways to Protect Your Personal Information and Your Money

Cyber Security Month continues on The Washington Trust Company Blog with a number of steps you can take to protect yourself and your finances online. The news often includes reports about thieves gaining access to sensitive personal information that can be used to commit fraud or steal money, sometimes involving major security breaches at large companies such as retailers. "These reports may cause some consumers to be skeptical about engaging in even the simplest financial transactions, but that is unrealistic for most people, especially in today's online and electronic world," said Michael Benardo, Chief of the FDIC's Cyber Fraud and Financial Crimes Section. "That's why it's important to be vigilant about protecting your finances by taking some reasonable precautions."

Continue Reading >>>

National Cyber Security Awareness Month

The Internet is part of everyone’s life, every day. We use the Internet at work, home, for enjoyment, and to connect with those close to us. However, being constantly connected brings increased risk of theft, fraud, and abuse. No country, industry, community, or individual is immune to cyber risks. As a nation, we face constant cyber threats against our critical infrastructure and economy. As individuals, cybersecurity risks can threaten our finances, identity, and privacy. Since our way of life depends on critical infrastructure and the digital technology that operates it, cybersecurity is one of our country’s most important national security priorities, and we each have a role to play—cybersecurity is a shared responsibility.

Continue Reading >>>

Your Wallet: A Loser's Manual

Consider this: Your wallet is stolen. You immediately call your bank and credit card company to report the problem, close old accounts and open new ones. You even remember to call the Social Security Administration to notify them that you had your Social Security card in your wallet. At the end of the day, you feel fairly confident that the incident is behind you.

But weeks later you receive past-due notices on bills for merchandise you never purchased, and a few months later your application for an auto loan gets rejected because someone has used your name and Social Security number to open new accounts and run up thousands of dollars in debt. The good news: Your actual liability for these unauthorized purchases is limited by law or industry standards. The bad news: It's likely that you'll spend many frustrating hours trying to clear your name and straighten out your credit history.

Continue Reading >>>

5 Tips To Protect Your Finances While Using Mobile Banking

1. Keep Track of your Mobile Device: Perhaps the biggest risk is also the reason why mobile banking is so popular -- mobile devices are easy to carry around everywhere we go. If your device has a digital locking mechanism you should use it. Some devices require you to trace a pattern or insert a PIN. While it might slow you down to have to enter a PIN each time you want to use your phone, that layer of security might be enough to keep a thief from accessing your bank account before you can report your phone as missing.

Continue Reading >>>

Economic Review and Outlook – September 30, 2014

It seems likely that 2014 will be the third consecutive year in which U.S. GDP will have expanded by just over 2%. While this modest result appears disappointing relative to our initial forecast of 2.5% to 3.0% growth, it masks very solid economic performance after the miserable winter quarter. GDP rebounded sharply to above 4% in the spring quarter, and annualized growth in the vicinity of 3% is likely to be realized in the second half of the year. This achievement is all the more impressive given the sluggish state of so many of the world?s major economies and an increasingly dangerous geopolitical situation.

 

Continue reading >>>

How to Protect Yourself From Data Breaches

At Washington Trust, the basis of each customer relationship, many of which span generations, is trust. We take the security and privacy of our customers very seriously and take extra steps to ensure that their information is protected. Throughout the month, we will share tips on how you can best protect your finances both online and off.

"While there isn't really anything consumers can do to prevent a breach, you can be on the lookout for signs that something like this has occurred," said Jeff Kopchik, a Senior Policy Analyst with the FDIC. "And, if you receive formal notice from your bank or a retailer that your credit or debit card information was stolen as a result of a breach, there are steps you can take to protect yourself."

Continue reading >>>

Financial Preparedness for Hurricane Season

Not only is September the peak of hurricane season, it is also National Preparedness Month. National Preparedness Month is sponsored by the Ready Campaign of FEMA and held each September to encourage Americans to take simple steps to prepare for potential emergencies in their homes, businesses and communities. The Ready Campaign asks individuals to do three key things to prepare for the unexpected: 1) get an emergency supply kit, 2) make a family emergency plan, and 3) be informed about the different types of emergencies that could occur and their appropriate responses. Something else to consider is your financial readiness in case of an emergency.

Continue reading >>> 

 


The opinions expressed in this newsletter are those of the author and may not reflect those of The Washington Trust Company. The information in this report has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Any opinions expressed herein are subject to change at any time without notice. Any person relying upon this information shall be solely responsible for the consequences of such reliance. Performance is historical and does not guarantee future results.

The Washington Trust Company
© 2011 Washington Trust Company | All Rights Reserved
Important Information about FDIC Insurance Coverage
Maintenance