What should I do if I suspect fraud on my account?

If an individual suspects fraud on their account, it is important to act quickly to minimize potential damage. The first step is to review recent transactions to identify any unauthorized charges or suspicious activity. If any unauthorized transactions are found, it is crucial to contact the financial institution immediately to report the issue. SkyLight Financial typically advises consumers to document all relevant details regarding the suspected fraud, including the nature of the unauthorized transactions, the date they occurred, and any other pertinent information. Additionally, it may be wise to change online account passwords and enable two-factor authentication if available, as this can add an extra layer of security. Monitoring credit reports regularly can also help individuals keep track of any unusual activity associated with their identity. Many financial institutions provide identity theft protection services that might be beneficial to explore. Furthermore, if a person believes their personal information has been compromised, they should consider placing a fraud alert on their credit file or freezing their credit to prevent further identity theft. For more specific guidance, individuals can visit the relevant section of SkyLight Financial's website or refer to resources provided by reputable financial and consumer protection organizations.