debit cards: Credit Card vs. Debit Card Fraud
- 10/21/15 11:16 PM
One difference between a credit card and a debit card is that if there’s an unauthorized charge on your credit card, you just get a little sting. It’s a hassle to straighten out. But no money is taken from you.
But if someone gets ahold of your debit card information, the second they use it, depending on the nature of the transaction, your bank account will be drained. And in some cases, you can kiss that money goodbye; you got scorched. More than ever, crooks are using others’ debit card data and sucking dry their bank accounts via ATMs—in an instant.
An article … (2 comments)
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debit cards: Post Holiday Online Shopping Security
- 01/12/15 09:02 PM
When it comes to online security, don’t let your guard down just because the holiday shopping frenzy has passed. In fact, this may be the very time to put your guard up even higher.
Though it’s smart to have your radar on for the scammers during the holidays, the scammers don’t exactly go slithering back under their slimy rocks once the New Year is here. So here’s how to be safe online during, and after, the holiday season.
Never click a link inside an e-mail. Better yet, delete, without even opening, any e-mails with subject lines promising great offers, gifts, … (2 comments)
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debit cards: Fear of Fraud trumps Terrorism
- 12/30/14 09:14 PM
Okay, what’s more likely? Getting bombed … or some punk racking up charges on your credit card?
The yearly Crime Poll says that two-thirds of the respondents were edgy about data breaches involving their credit cards, as well as their computer and smartphones getting hacked—far more so than being robbed or taken hostage.
It’s easier to thwart a mugger or burglar than it is to thwart cybercrime. Just because you never click links inside e-mail messages doesn’t mean a cybercriminal won’t still figure out a way to nab you.
Interestingly, many people who’ve been digitally victimized don’t even bother filing … (4 comments)
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debit cards: Stolen Business Debit Cards at Greater Risk
- 06/23/14 11:03 PM
A debit card from your business, in the virtual hands of a thief, spells a mountain of trouble. The thief can generate a duplicate of your business debit card, then splurge. A “cloned” card can be swiped in a card reader, appearing legitimate.
Banks are not legally required to reimburse a business’s stolen money from the fraudulent debit card purchases. Nevertheless, some institutions do reimburse, but that’s only after the business owner can prove theft.
Banks are reluctant to believe businesses claiming victimship. A business may spend months, even years, using lawyers, trying to convince a bank of the crime.
… (12 comments)
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debit cards: Credit/Debit Card Identity Theft Concerns Trump Terrorism
- 09/08/09 10:26 AM
Robert Siciliano Identity Theft Expert
A recent Unisys study found that, in the midst of the global financial crisis, American’s primary fear is credit and debit card fraud. 68% of those surveyed are extremely or very concerned about the security of their credit or debit card data, and 66% are extremely or very concerned about identity theft.
Compare that to 58% who are extremely or very concerned about terrorism and war, and 41% who fear the possibility of a serious health epidemic. If we actually had a pandemic, I’m sure the public would favor health concerns over money. But so be … (0 comments)
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debit cards: Big Time Identity Theft Hackers Indicted
- 08/31/09 03:16 PM
Robert Siciliano Identity Theft Expert
ABC news and a bazillion other outlets report that a former informant for the Secret Service was one of three men charged with stealing credit and debit card information from 170 million accounts in the largest data breach in history. The former informant, Albert Gonzalez of Florida, A.K.A “Segvec”, “SoupNazi,” and “j4guar17,” whose motto was ”Get Rich or Die Tryin’” was alleged to have been the ringleader of the criminal hacking operation of a prolific network that spans over five years of serious criminal activity. Once a criminal, always a criminal.
Gonzalez and two other unidentified hackers believed to … (1 comments)
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debit cards: Identity Theft Attempt at Defcon
- 08/11/09 03:23 PM
Identity Theft Expert Robert Siciliano
Hackers hacked hackers at the annual Defcon conference in Las Vegas this past weekend. Defcon is a conference for hackers of all breeds. There are good guys, bad guys, those who are somewhere in between, plus law enforcement and government agents. All kinds of inventive people with an intuition for technology decend on Las Vegas to learn, explore, and hack.
At this year’s Defcon, someone planted a real, rigged, malicious ATM right outside the security office of the Riviera Hotel and Casino. For some reason, the area outside the security office doesn’t have any security cameras, … (0 comments)
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One difference between a credit card and a debit card is that if there’s an unauthorized charge on your credit card, you just get a little sting. It’s a hassle to straighten out. But no money is taken from you.
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