How to secure your 401(k) plan from identity fraud

Title: Securing Your 401(k) from Identity Fraud The article highlights the importance of regularly monitoring your 401(k) account to prevent identity fraud. It notes that many people do not check their retirement accounts frequently, making it easier for cybercriminals to go undetected. Key points include: - 401(k) accounts are vulnerable to identity fraud due to infrequent monitoring by account holders. - Cybercriminals can exploit this lack of oversight to make unauthorized changes or withdrawals. - Regularly reviewing your 401(k) statements and account activity is crucial to detect any suspicious activity early. - Implementing strong security measures, such as enabling two-factor authentication, can also help protect your 401(k) from fraudulent access. - Being proactive and vigilant about monitoring your retirement account can help safeguard your hard-earned savings from identity theft. The article emphasizes the need for account holders to take an active role in securing their 401(k) plans to mitigate the risks of identity fraud and financial loss.