What you can do
- Set up mobile banking alerts for your phone from your financial institution. That way, you can be aware of unusual activity as quickly as possible.
- Regularly monitor your accounts online, so you can identify fraudulent transactions faster, says Schultz.
- Avoid public computers. Don't log on to your email if your bank corresponds with you there. Urban suggests setting up an email account just for your finances and checking it from safe locations.
- Avoid doing business with unfamiliar online vendors, Noonan says. Stick to established merchants and websites.
- If your information has been compromised, notify your financial institutions and local law enforcement. Also notify any of the 3 major credit reporting agencies -- Experian, Equifax and TransUnion -- to set up a fraud alert on your credit reports.
FREE TOOL: Check your credit report at myBankrate.