In today’s world it is much easier to shop online rather than go to the store and shop. With new advances in technology countless people are now choosing to do the majority of their shopping online. It is more convenient, sometimes faster, and even can be cheaper. Banking online is also now becoming increasingly more popular. By banking online you can instantly transfer funds instead of going through the bank drive-thru or even going in. Some banks now even have their own app on smartphones where you can immediately deposit a check into your account with one simple picture. With all of these new advances there also comes a potential threat. Banking and shopping online opens several new doors for hackers to steal your information. It can happen …show more content…
By protecting your computer you not only protect the information that you do choose to put online while shopping or banking, but you are also protecting yourself by guarding against intruders while doing anything on that computer. The easiest way to protect your computer is to install a firewall. A firewall is “a software program or hardware device that filters the traffic that flows into your PC or your network through an internet connection.” (firewallinfo.com). Firewalls act as a barrier to anything that would harm your computer or potentially try to hack into your computer to retrieve your information. On most firewall systems you can set your own settings to allow certain things and to block other things. The prices for firewall software are relatively cheap for the amount of protection you are receiving. I use the standard Norton firewall protection for use on one personal computer and it was $44.99 per year (us.norton.com). In a recent report conducted by the Federal Bureau of Investigation about how to protect your computer it says, “to protect your computer from intrusion you need to keep your firewall turned on” (FBI). To me it is obvious that once you have installed a firewall on your personal computer that you would keep it turned on but some users choose to turn it off and this is how many hackers get access to your …show more content…
She was buying some items offline from a very well-known craft store. The transaction went through fine and she eventually received her items shortly after purchasing them. Almost a month after she received her items she noticed some unusual activity on one of her other credit cards. Fortunately for her, her credit card company had noticed it and sent her an email stating there was suspicious activity on her card if she would confirm that she had made those purchases. She had not made the purchases and come to find out her card had been hacked from when she had used it at the online craft store almost a month prior. She was concerned about how they hacked into a different credit card account than what she had used for the purchase. This person made two different transactions in Michigan on her card so my mom knew it wasn’t her because she hadn’t even been in Michigan on the date the items were purchased. The credit card company put a hold on her credit card and didn’t charge her for those purchases. We later found out that the hacker had hacked into her craft store account because she didn’t have a very strong password and in her account she had saved the other credit cards information. All of her personal info was saved on her craft store account so this person was able to access it all. My mom had to cancel that credit card, change her email, and set up a new craft store
The Minneapolis based Target Corporation announced in December that criminals forced their way into the company’s computer system. The data breach compromised 40 million credit and debit card accounts of customers who shopped during the holiday season between November 27 and December 15, 2013. The data captured was far broader than originally imagined as hackers gained access to 70 million customer’s personal information including names, home addresses, telephone numbers, and email addresses. Additionally, expiration dates, debit-card PIN numbers, and the embedded code on the magnetic strip of the card were stolen.
With Target handling the security breach as best as they could, investigators and the Department of Justice are trying to figure out how the security breach happened. Upon investigation, it is believed that “the data was obtained via software installed on machines that customers use to swipe magnetic strips on their cards when paying merchandise…”(Reuters, 2013. p.1). Even though investigators provided the theory above, they are still unsure of how the cyber criminals were able to take so many card numbers from almost all the Target stores. The investigators and feds are still looking into how and who stol...
You're under abreast Michael Copp, 18, Sheffield Lake, Ohio, was charged with stealing his mother's credit card to pay for his 18-year-old girlfriend's breast enlargement surgery. According to a police report, Copp's mother, Gaelene Pakrandt, told officers she had closed the account because her son charged $2,100 in car repair bills. Police said Copp reopened the account without his mother's knowledge after he found the card in a drawer. He charged $2,496 to the card to cover the surgery. Most items purchased with a stolen credit card are confiscated and returned by police. But this case is a little different.
I chose the article about the Target Data Breach because I was actually one of the people affected. I wanted to learn about how to handle the situation and what to do in case more information was compromised. I wanted to know more information about how something like this can happen and affect so many people. It is also a major issue being discussed in the news and in finance so I wanted to learn more about how Target and the banks will handle this issue. This article is about how 40 million credit and debit card accounts were stolen. It explains the difference between experiencing credit card fraud and only getting your account information stolen. Most of the people that had their information stolen were not affected by credit card fraud. An explanation of this is that fraudulent transactions may be rejected by a retailer’s anti-fraud system and the consumer might not even be aware of any activity taking place because it is being stopped before the fraud can even take place. Also, since such a large number of people were affected by the scandal, most banks have taken control and cancelled and replaced the old credit and debit cards to prevent any theft from happening. Many banks are waiting to see if the fraud actually happens before reissuing cards because it is so costly. Although there has not been very much fraud at this point, hackers may be waiting for all of the publicity to die down before they commit their fraudulent acts. The article states that many times hackers may wait a year or two to use account information. When the hackers wait a long period of time, the ...
Ms. Prince stated she has limited mobility. Mr. Winters was living in her home to help her before and after her hip surgery. She said she kept the listed credit card in the drawer of a desk she used
There are several ways that identity theft thieves gain access to your personal information. Lost wallets, purses, stolen or lost mail used to be the main source of such private information. Mail, which sometime, includes bank statements, pre-approved credit cards, and tax papers are a source of a large amount of data. In recent years, many have been known to steal reco...
Where in 56 million payment cards were stolen and the issues related to the occurrence.
A common way that people steal information is through phishing emails. The thieves send a large number of emails to people, saying that they are their bank, or some other financial company. It says that you need to click on the link, then login. When you do, the thieves would have all the information they need to be able to use your account. Another type of phishing emails is someone telling you that you have been scammed, and that the only way to take care of it is by telling them your financial information, saying that they will need it. This, of course, will not help you in any way, as you were not scammed in the first place, and you told them your financial information, which they can use to take loans, use your money...etc. One last type of common phishing email is more directed towards parents and grandparents. The thief pretends to be their child or grandchild, in vacation, the thieves might know whether they really are in vacation or not from social media, and that they encountered a problem, and are in need of money, fast. People can’t really stop themselves from sending money as their children are very important to them. One common way that hackers steal information is one that people often forget. Hackers guessing password on your phone is one way they take information. That is why having weak passwords, such as “1234” or your
Identity theft is one of the most well known fraud and many people try to prevent it while fraudsters are looking for new ways to obtain it. The higher risk groups are college students and children. The main goal is to keep watch over your finances, credit score, bills, and passwords. Never let anyone know too much of your personal things. Families are usually scammed by other family members because they know where everything in that household is. You have to watch who you trust and it is sad. Not a day goes by when someone’s identity isn’t stolen. You can’t prevent all frauds but you can try your best to. Learn the warning signs to different types of fraud and find out solutions to keep yourself, your business, and your family financially, emotionally, and physically safe.
So you are at home looking at television or maybe out on a vacation and you receive a call from a company. That call probably had someone on the other line explaining to you how much you owe them and when it will be due. At this point in the conversation your mind is everywhere trying to refer back to when you brought that certain thing. The person on the phone had all of your information that you allegedly gave them. Things such as your whole name, your birth date, and the last four digit of your social security number. You can’t seem to remember when you brought it so you ask the representative on the phone when did you buy it and where did you buy it from. The clerk tells you a location that is far beyond your reach of destination. So the only conclusion that you could come up with was identity theft. Identity theft is the fraudulent acquisition and use of a person 's private identifying information. It mainly happens for the thief’s financial purposes. When dealing with identity theft you should
This fact alone is often enough of a reason for some people to prefer their credit card over their debit card. If you report an unauthorized charge to your police and your credit card company, and they find no evidence that you lied, then you usually get your money back. There are numerous terms and conditions, such as not paying if you were negligent, but usually you get your money back.
Cybercrimes are on the rise now. People information are constantly getting hacked. Target computers were recently hacked and over a thousand people credit card information was stolen. Every day we
Have you ever forgotten to get a copy of your credit card receipt the last time you visited a restaurant and had paid your bill with a credit card? Did you know that many of these receipts have your credit card number printed right there for anyone to see (and use)? And, if you've signed your receipt, your signature can be copied by any. This can lead to the most critical form of identity theft. With this handy information, some unprincipled personal can easily start his or her Christmas or New Year’s shopping by phone or on the Internet using your credit card number. You would be unaware about this theft until you get your monthly statement and if you are a person who would be least bother your statement then you would end up paying more money for something that never used or purchased. Credit card fraud is viral and a growing means of stealing money from credit card companies and consum...
"What is “online fraud”?" National Crime Victim Law Institute. Lewis & Clark, 27 July 2010. Web. 24 Jan. 2014.
Shopping is something that has to be done whether you enjoy it or not to get essentials needed. We all go places where merchandize is being sold for a specific reason. Whether you go to the mall, shopping centers, or your local grocery store, you 'll always encounter many types of shoppers. Shopping isn’t always as fun as it sounds to everyone, but it is something we often do. This is the only way we get products we need, by personally buying them. You have three main shoppers including impulse buyers, list makers, and bargain hunters.