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Mind those bank statements, they effect your liability for ATM & Debit accounts

Posted on May 1, 2015 in hntbh - 0 comments - 0

One of the first pieces of advice shared is to stop using your Debit Card. Most banks allow you to have an ATM card issued that is perfect for grabbing cash on the go. The reasons are many, but the most important centers of you liability for funds in these accounts.

Quite simply, if money is transferred out of your bank accounts (ATM / Debit Card #s) that money is gone, forever. There is a window of time though for you, and this is based on your bank statements. In the days of electronic statements this can become slippery (meaning when you receive a paper statement you may flip through quickly and see if anything jumps at you, but electronic statements I believe are far less reviewed).

Above is a simple table from the FTC showing the time elapsed from the release of a bank statement/notification and how much you owe. Note, at 60 days you are liable for “All the money taken from your ATM/debit card account, and possibly more…” yikes!

Update on the book – YES, it is nearly completed. The reviews have been very encouraging and I am humbled by all the time folks have helped make it great. May is the month! Stay tuned and visit www.Facebook.com/hntbh for more community news.

Best,

James

Some additional readings from Huffington Post on Debit Card Fraud, and even Time Magazine getting the news out!

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Bored w/ Security warnings? You are not alone – MRIs show our brains shutting down when we see security prompts

Posted on March 30, 2015 in hntbh - 0 comments - 0

Anderson, et al imageEver find yourself just click click clicking through every message box that pops up? Most people click through a warning (which in the land of Web Browsers usually means STOP DON’T GO THERE!!) in less than 2 seconds. The facts seem to be due to be from habituation – basically, you are used to clicking, and now we have the brain scans to prove it!

What does this mean for you? Well specifically you won’t be able to re-wire your brain, but perhaps you can turn up the settings on your web browser to not allow you to connect to a site that has the issues your web browser is warning against. Simple – let the browser deal with it and take away one nuisance.

From the study:

The MRI images show a “precipitous drop” in visual processing after even one repeated exposure to a standard security warning and a “large overall drop” after 13 of them. Previously, such warning fatigue has been observed only indirectly, such as one study finding that only 14 percent of participants recognized content changes to confirmation dialog boxes or another that recorded users clicking through one-half of all SSL warnings in less than two seconds.

via MRIs show our brains shutting down when we see security prompts | Ars Technica. (photo credit Anderson, et al)

Don’t forget to check out – www.facebook.com/hntbh if you are looking for quick reminders. The book is coming along and chapter releases are (finally) coming in April!

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Chipped Credit Cards coming soon, and expected fraud increase

Posted on January 19, 2015 in hntbh - 0 comments - 0

Credit cards with CHIPS!!!

The future is here in the U.S. all credit cards will soon have a bit of encryption magic to help prevent in-person credit card fraud & theft. You’ll have this little graphic somewhere on your card (if it is ready). The good news is this will help lower fraud, but as accurately shared by Brian Krebs (basically the online reporter/expert in this space):

In every country that has switched to EMV cards — and the United States is the last developed country to do so — online fraud has jumped, says online fraud expert Brian Krebs. “Fraud doesn’t go away, it just goes somewhere else, and that somewhere else is always online,” he says. “The thieves can still steal the card number and expiration date, which still can be used online. So that’s generally what will happen. We’ll see a pretty big uptick in card-not-present fraud.” – CreditCard.com & Brian Krebs from his new book SPAM Nation

 

So, the tips for managing your online security are even more elevated in this new time. As cards become updated, practice your good tips and carry on.

James

Our community: https://www.facebook.com/HNTBH

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Home Depot and JP Morgan were hacked, so YOU need to take action

Posted on September 3, 2014 in hntbh - 0 comments - 0

The news in the past few weeks has included several online businesses (Apple), a leader in finance (JP Morgan), and a retailer (Home Depot). The attacks varied, the exposure of specific data unique, and the customer type certainly unrelated. Despite these realities, every one of these businesses has one thing in common – YOUR information, money, and details were exposed.

Why is this important?

  • Thieves could empty bank accounts
  • Thieves could use the stolen information and trick YOU to log on to a fake JP Morgan website (this was actually done in this case days before the attack was made public)

You must take the following action:

  1. Change your passwords (for any call in verifications and or online)
  2. Print your account statements and keep a detailed record of your $$ at the bank(s)
  3. If your retailer confirms a breach, request a new Credit/Debit Card w/ fresh fraud prevention safeguards

Responding to the ebb and flow of data breaches is impossible, but if together we establish behaviors to counter the negative effects then we have succeeded.

Be safe,

James

*on the book front I am making progress and aim to release a chapter sketch soon. a challenge I have currently is financing the graphic artists and editors necessary to create a really stunning book. any ideas are welcomed!

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87% of Consumers Feel Their Data is Not Safeguarded

Posted on June 20, 2014 in hntbh - 0 comments - 1

A survey conducted in March 2014 – with roughly 2,200 consumer participants – shows a significant concern of consumers’ data being safeguarded by businesses, retailers, and data brokers.

The important stats:
•  The majority of respondents, 87%, believe adequate safeguards are not in place to protect their personal information
•  64%, compared to 85% from the 2012 survey, are concerned about websites tracking their buying behavior

Consumers continue to be cautious about the use of their personal information. So what does this mean for you, the average consumer?

HNTBH Conclusion:
1.  You are not alone in being concerned about how your data is being used. The vast majority of your peers feel the same way.
2.  The duty of protecting your data is your own responsibility. Businesses cannot accomplish this task alone. Work with them! This crucial point is discussed under the “Tips” link of this website, as well as the external resources linked by HNTBH.
3.  Check out the post, “Police Your Own Data.” You will learn the safest information security habits and – like cleaning your closet – eventually it must happen. Don’t keep putting it off.

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