Enter the "zombie" bank account. When zombie accounts are opened for illicit purposes, "thieves will open accounts on behalf of the customer - without their authorization or knowledge - and those accounts can rack up late fees and other charges," said Ken Tumin of DepositAccounts.com. A ChexSystems report will show activity on bank accounts that have been opened in your name. They should also consider putting a credit freeze on their credit report or setting up fraud alerts." All of these precautions are part of general cybersecurity advice: Keep an eye on all of your financial accounts.

Source: Forbes November 01, 2017 13:07 UTC