There are two types of credit cards – secured and unsecured. But what’s the difference? About Secured Credit Cards: What makes it “secured” is that you will put a deposit down on this card. Your credit limit will generally be equal to the deposit that you make. So if you deposit $500, your limit will …
Automated Teller Machines (ATMs) can give you easy, fast access to the money in your bank account. When you insert your card into the machine, it reads the information on the card’s magnetic strip. It then asks you for your pin number and, voila! You have the ability to withdraw money from your checking or …
Of course, it’s in the banks best interest to protect our money, or we might just take our business elsewhere, and they know that. It’s a fine balancing act they have, and it’s important that we play a bigger role in preventing cyber fraud.
The FBI also warns the thieves’ hacking capabilities can navigate around common user authentication methods banks use to verify your identity, which is certainly a cause for concern. Those additional authentication steps are meant to provide additional security, but more often they end up providing personal questions, birth dates or other pieces of private information to the wrong people.
The Citigroup attack took place on May 10th 2011 and it immediately compromised 21 million online accounts. Citigroup said that less than 200,000 accounts were affected but that number has since grown to almost 400,000, and the number could rise even more in the coming weeks.
One of the latest check scams combines the old with the new… find out how to protect yourself, your checkbook and what one state is doing about this crime.
While there are services for a fee available, there are many useful services and tools at Yahoo! Finance that are free.
JP Morgan Chase does have higher user fees but tries to taper the pain with some perks.
Most Americans feel they are bringing in as money as they possibly can right now. On the other hand, most people also feel that there is nowhere left to cut expenses.
If identity theft crimes are happening faster and faster then, checking hard copy statements that arrive in the mail once a month is clearly not enough to stop identity theft.