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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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