News & Insights

A 5-Minute Privacy Check That Could Prevent Fraud

Written by Bill Rieger | Mar 25, 2026 2:55:43 PM

It doesn’t take a major data breach to put your finances at risk. In many cases, fraud starts with something much smaller—an app with too many permissions, a saved password on an old device, or a setting you haven’t reviewed in years.


Related Article: Liberty Loves Local: Bringing Your Community Bank Out Into the Community

The good news? You don’t need hours to protect yourself. Just five minutes can make a meaningful difference.

Let’s walk through a quick privacy check that helps reduce your risk of fraud, protect your identity, and give you more control over your personal information.

Why Privacy Settings Matter More Than Ever

Your phone, apps, and online accounts hold more sensitive information than your wallet ever did. Banking access. Email. Contacts. Even your location.

When permissions are too open, you’re essentially leaving doors unlocked.

According to the Federal Trade Commission, many fraud cases begin with stolen personal information—often gathered through unsecured apps or compromised accounts. You can explore their guidance here:
https://consumer.ftc.gov/articles/how-protect-your-identity

A quick review today can prevent a much bigger issue tomorrow.

 

The 5-Minute Privacy Check:
Step-by-Step

You don’t need to be tech-savvy to do this. Just follow these simple steps.

1. Review App Permissions on Your Phone

Start with your smartphone settings.


Look at which apps have access to:

  • Your location
  • Your camera and microphone
  • Your contacts
  • Your photos and files

Ask yourself: Does this app really need this access?

If not, turn it off.


For example:

  • A weather app may need location access—but not your contacts
  • A flashlight app shouldn’t need anything beyond basic functionality

This small step limits how much data apps can collect and share.

 

2. Delete Apps You No Longer Use

Old apps are easy to forget—and that’s exactly what makes them risky.


Unused apps may:

  • Still have active permissions
  • Store outdated personal information
  • Lack recent security updates

Take a minute to scroll through your phone and remove anything you haven’t used in months.

Less clutter. Less exposure.

 

3. Check Saved Passwords and Enable Multi-Factor Authentication

Many devices and browsers store passwords automatically. Convenient, yes—but also a potential risk.


Take a moment to:

  • Review saved passwords in your browser or phone settings
  • Remove any you don’t recognize or no longer use
  • Turn on multi-factor authentication (MFA) wherever possible

MFA adds an extra layer of protection, even if your password is compromised.

You can find helpful guidance from the FTC here:
https://consumer.ftc.gov/articles/passwords-authentication

 

4. Review Account Privacy Settings (Especially Financial Accounts)


Log into your most important accounts:

  • Online banking
  • Email
  • Payment apps

Check for:

  • Login alerts or notifications
  • Device recognition settings
  • Security questions and recovery options

If anything looks outdated, update it.

This is also a good time to ensure your contact information is current so you receive fraud alerts quickly.

 

5. Be Selective with What You Share Online

This step is often overlooked—but incredibly important.


Social media and online profiles can reveal:

  • Your birthday
  • Your address
  • Your daily routines

That’s valuable information for fraudsters.

Take a moment to:

  • Review your privacy settings
  • Limit who can see your posts
  • Remove personal details that aren’t necessary

When in doubt, share less.

Common Mistakes That Increase Fraud Risk

Even smart, careful people make these mistakes. They’re easy to fix once you’re aware of them.

Oversharing Permissions

Apps often request more access than they need. It’s okay to say no.

Reusing Passwords

Using the same password across accounts increases your risk if one account is compromised.

Ignoring Updates

Software updates often include security patches. Skipping them leaves gaps.

Trusting Unknown Links or Messages

If something feels off, it probably is. Always verify before clicking.

 

How This Simple Habit Protects Your Finances

Fraud prevention isn’t just about reacting—it’s about reducing your exposure in the first place.

By tightening your privacy settings, you:

  • Limit how much personal data is available
  • Reduce entry points for scammers
  • Strengthen your overall financial security

It’s a small habit with a big impact.

A Quick Check Today Can Prevent a Bigger Problem Tomorrow

Life gets busy. It’s easy to overlook small settings on your phone or accounts. But those small settings can have a big impact on your financial security.

Taking five minutes today puts you back in control.

And if something ever feels off—whether it’s a suspicious message, an unfamiliar transaction, or just a question—you don’t have to figure it out alone.

We’re here to help. Stop by, give us a call, or talk with someone you trust at your local branch. That’s what community banking is all about—looking out for each other, every step of the way.