Credit Freeze and Fraud Alert Links: ChexSystems Freeze and IRS Identity Protection PIN

The Credit Freeze & Fraud Alert page in the BlackCloak mobile app has been updated to include two new options: ChexSystems Freeze and IRS Identity Protection PIN.

ChexSystems

BlackCloak has added a link to ChexSystems security freeze feature to help protect your banking history and prevent unauthorized account openings.

ChexSystems is a consumer reporting agency that supports banks and credit unions by providing detailed reports on consumer banking behavior, including any past account closures, unpaid fees, overdrafts, or instances of fraud. Financial institutions rely on this information to assess applicants and make informed decisions, helping reduce the risk of financial loss.

One key tool ChexSystems provides is risk scoring, a numerical rating that indicates an applicant’s likelihood of risky financial behavior. This, along with identity verification and fraud prevention tools, allows banks to verify identities and detect potential fraud, ensuring safer account openings.

For consumers, ChexSystems offers a valuable Security Freeze feature, which blocks unauthorized access to your banking history and helps protect against identity theft by preventing fraudsters from opening accounts in your name. With BlackCloak, you can activate or lift this freeze easily from within our app, giving you added control and peace of mind.

By using the BlackCloak app, you can manage your financial safety proactively with just a few taps, enhancing your protection in today’s digital world.

IRS Identity Protection PIN

The IRS Identity Protection PIN (IP PIN) is a six-digit number that gives you added security when filing your federal tax returns. With an IP PIN in place, only you can file a return in your name, preventing tax-related identity theft and protecting against fraud. Each year, the IRS issues a unique IP PIN to enrolled individuals, making sure no one else can submit a tax return using your Social Security number or other personal information.

Initially, the IRS IP PIN program was available only to those who had already experienced identity theft. However, it’s now open to all taxpayers, allowing anyone to add this extra layer of security to their tax account. If you’re concerned about identity theft or simply want to ensure your tax information stays protected, applying for an IP PIN is a powerful way to gain peace of mind.

At BlackCloak, we’ve simplified the process of getting an IP PIN by offering direct access within our app. With BlackCloak, you can easily apply for or renew your IP PIN in just a few clicks. By incorporating the IP PIN feature into our app, we make it straightforward to secure your tax return each year.

With the BlackCloak app, you can protect your tax information and confidently safeguard your identity. Our goal is to keep your personal data secure and empower you with easy access to the tools you need to stay protected during tax season and beyond.