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March is a time for leprechauns and four-leaf clovers, and as luck would have it, its also a time to learn how to protect your private data from cybercrime. Each year, the first week of March (March 2-8) is recognized as National ConsumerProtection Week (NCPW).
One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “Members don’t have to request to use Zelle.
Scammers who use “phishing” emails (it looks like it’s from a brand you know, but it’s not) will include a link to a fake website where they’ll ask for your banking or other personal information. Credit cards come with consumerprotections that limit your liability if your card information is stolen. Change your passwords.
Don’t re-use passwords: Yes, keeping track of passwords for all of your accounts can be a chore, but using the same password means that one breached account can be used to others that use the same user credentials. If you’re having difficulty keeping track of passwords, consider using a password manager.
Close Home Tech Security Heard about the 16 billion passwords leak? Here are the facts and how to protect yourself Wondering if your information is posted online from a data breach? If we have made an error or published misleading information, we will correct or clarify the article. Sounds scary, right?
Credit Card Fraud VS. Debit Card Fraud: Are you Protected? Consumerprotection laws differ in each case and knowing the differences can help to keep your accounts safe from identity theft. While there are protections for both, you can face more liability for fraudulent charges than if you’d used your credit card instead.
Such malicious scenarios are purposely developed by fraudsters and used for online-banking theft and financial fraud. Later, cybercriminals successfully applied the same approach to mobile devices, because modern digital payments are extremely interconnected when it comes to mobile applications used by consumers. .
Banks are noticing just how much time is spent dealing with gaming theft issues. LLoyds Bank, in response to the never-ending glut of financial gaming fraud, has come up with something called “ Shield against scams ”. A password manager is exactly the kind of solution to this headache. Step up to the plate, Game Players Code.
Considering this type of app is a new concept, it’s not fully regulated like banks or mortgages, at least, not yet. The Consumer Financial Protection Bureau recently asked several buy now, pay later, or BNPL, providers for information related to some concerns it has about short-term installment plans.
PSD2 Regulation and Compliance josh.pearson@t… Wed, 09/04/2024 - 23:44 The PSD2 directive is a cornerstone of payment legislation in Europe, designed to enhance consumerprotection, foster innovation, and create a more integrated and secure European payment landscape. Initially, PSD2 was set to take full effect on September 14, 2019.
Encrypt sensitive files stored electronically, such as tax records, and use strong and unique passwords for each account. Recognize and avoid phishing emails, threatening calls and texts from individuals posing as legitimate organizations, such as banks or credit card companies, or even the IRS. Watch Out For Scams.
Never share personal information or banking details with unsolicited callers or emails. Stay informed and aware: Keep yourself updated on the latest holiday scams and trends by reading reputable blogs , news sources, and consumerprotection websites. Avoid purchasing gift cards from online auctions or marketplaces.
27 — Thanksgiving Day weekend — Jim got a series of rapid-fire emails from MSF saying they’ve received his loan application, that they’d approved it, and that the funds requested were now available at the bank account specified in his MSF profile. Then on Nov. A portion of the Jan.
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