One of the fastest growing areas of crime is fraudulent attempts to obtain retirement distributions. Within the financial industry, there are 10 new fraud attempts every second.1 And in 2018, fraud cost individuals nearly $1.48 billion.2

Nationwide employs state of the art technology, people and processes to catch and combat fraud, but you and your participants can play an important role in protecting their assets.

Introduce your participants to
Nationwide Account Lock

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Enhanced security that's under their control

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Options to lock and unlock when they're ready

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Notifications every time a distribution is requested, allowing them to also check on their other financial accounts

To learn more about Nationwide Account Lock and how you can help promote it to your participants, contact your Nationwide representative.

[1] “Life, Annuities and Retirement Services: New Targets for Account Takeover,” LexisNexis ThreatMetrix (March 2018).

[2] “Consumer Sentinel Network Data Book 2018,” Federal Trade Commission (February 28, 2019).