Finance Tip: How to Protect Yourself from Identity Theft

We Care About You & Your Finances

For more than 150 years, Kennebec Savings Bank has offered finance tips to individuals, nonprofit organizations, and municipalities to educate them on current trends when it comes to financing. 

Our goal is to provide valuable advice on setting and achieving financial goals, protecting your financial security, and expanding your financial education.

Whether you are just starting your journey towards financial independence or looking to improve your current financial situation, our tips and resources are here to help you navigate the complex world of finance. 

Image of Andrew Silsby, President and CEO of Kennebec Savings bank - Finance Tips title

How to Protect Yourself from Identity Theft





































Identity theft is one of the fastest-growing crimes in the country—and it can happen to anyone. At Kennebec Savings Bank, we care about your financial well-being and want to help you stay one step ahead of scammers.

Here are some simple but effective steps you can take to help protect your personal and financial information.

1. Shred sensitive documents

If you’re tossing old bank statements, credit card offers, or anything with your Social Security number or account details, make sure to shred them first. Identity thieves often rummage through trash in search of easy targets.

2. Keep an eye on your credit

Monitoring your credit is a great way to catch suspicious activity early. You’re entitled to a free credit report from each of the three major credit bureaus once a year. Learn more about credit reports and how to get a copy at Learn about your credit report and how to get a copy | USAGov.  Setting a reminder to check these regularly is a small habit that can have a big impact.

3. Set up online banking access alerts & card alerts

At Kennebec Savings Bank, we offer online banking access alerts that notify you of unusual transactions or changes to your account information. Whether you’re alerted to a large withdrawal or a login from a new device, these notifications can help you spot fraud as it’s happening. All alerts can be set up on desktop, or through the mobile app.

4. Be careful online

Avoid using public Wi-Fi when accessing sensitive information, like your online banking. Use strong passwords and update them regularly. Whenever possible, enable multi-factor authentication for an added layer of security.

5. Don’t overshare

Be cautious about who you share your personal information with. If you get a phone call, email, or text message asking for private details—especially if it seems urgent—take a step back. Verify the source before responding.

6. Act fast if you suspect identity theft

If something doesn’t seem right, don’t wait. Contact your bank right away to secure your accounts. You may also want to freeze your credit and report the issue to the Federal Trade Commission at IdentityTheft.gov.

At Kennebec Savings Bank, we’re here to support you with tools and information to help keep your finances safe. If you ever have concerns about your account—or just need help getting started with alerts or monitoring—we’re just a phone call or branch visit away.

Stay informed. Stay protected. Stay confident.

 



Written By: Andrew Silsby, President & CEO