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  • Geebo 9:00 am on January 7, 2020 Permalink | Reply
    Tags: credit card, , ,   

    Your old credit card numbers may still be online 

    Your old credit card numbers may still be online

    When you use any one of many online retailers they may ask you if you want to save your payment information with them in case you use that vendor on a frequent basis. This can be quite convenient especially if it’s a vendor that you use all the time. However, with many things online, convenience can come at a cost of security. If you use the vendor long enough, you may have changed your credit or debit card information several times. Each of those card numbers could still be listed in your online account. Even if the numbers have expired they could still mean potential disaster for you.

    According to LifeHacker, there is a scam that relies on you leaving your old card numbers on your online accounts. For example, they talk about how if an Amazon account becomes compromised a bad actor may find old and expired card numbers linked to the account. Scammers will then try the expired numbers to see if they can still be used to make online purchases. Some card companies allow their users to make purchases even if the card is expired in case the user has just forgotten to update their information. The scammers know which cards and which vendors have more liberal policies when it comes to these purchases.

    In some cases, these purchases can show up on your doorstep. The scammers will normally keep an eye on your porch to try to grab the purchase but sometimes just knowing that the old card number works is enough. The best way to prevent this kind of fraud is to make sure that you delete your old card numbers from your online shopping accounts. It’s also recommended that you use only one card for all your online purchases as it makes it easier to keep track of any discrepancies. There are also services you can use that give you one-time use numbers that you can use for online purchases. It would mean you’d have to enter a new number with each purchase but sometimes it’s worth going the extra mile to keep your information secure.

     
  • Geebo 8:00 am on August 13, 2019 Permalink | Reply
    Tags: back to school, , , credit card, , locksmith scam, , scholarship scam,   

    It’s the season for Back to School scams 

    It's the season for Back to School scams

    With September approaching and some schools having already started their school year it should come as no surprise that scammers will even use the back to school season to try to target potential victims. The largest targets among these victims will more than likely be college students. Considering that many of these students will be away from home for the first time, they may not have the real-world experience to recognize a scam. Hopefully, with this blog post they can be better educated on which scams to look out for that could potentially harm their college experience.

    The Better Business Bureau of Florida recently put out a list of the most common scams for students to look out for and we can’t help but recognize a few of them. For example, the BBB warns of phony job scams. In these scams, the perpetrator will use a phony email address that spoofs that of the university. The student will be promised a phony job where they will be sent a check that will be more than they were promised. Of course, the check is phony but by the time the student sends back the money their bank will charge them the full amount of the bogus check. Another common scam that targets college students is the phony scholarship scam. Phony companies will guarantee students grants or scholarships in exchange for a fee. Most scholarships and grants can only come from the government or the school so avoid these promises at all costs.

    While the above scams are largely illegal there are some legal scams to look out for as well. Many credit card companies will offer their cards to incoming students, however, many of them have either high annual fees or interest rates. It’s very easy to obtain one of these cards then find yourself in a world of debt that you weren’t prepared for. Then there’s the locksmith scam where a student may lock themselves out of their housing or car and they’ll call the first locksmith that comes up in a web search. Those locksmiths may not be local and may charge you an exorbitant fee. It’s better to research for a local locksmith before you lose your keys so you can have a reputable one readily available should the need arise.

    For a more comprehensive list from the BBB about these scams and others you can click this link.

     
  • Geebo 9:02 am on April 21, 2017 Permalink | Reply
    Tags: coin, credit card, , plastc   

    Add Plastc’s name to the startup graveyard 

    Add Plastc's name to the startup graveyard

    Plastc promised its backers a credit card-like device that you could pre-load all your credit and debit cards to it, along with your various discount cards. They promised you would only need your card and it would make your life a utopia of convenience. Check out what the features of Plastc were intended to be in their own YouTube video.

    Wow. Doesn’t that look like an amazing device? It’s no wonder they were able to obtain $9 million in funds from pre-orders alone. This doesn’t even take into account they were entering into a market where there were already players who had shipped product. Coin was a company that promised a similar device and even shipped units. Coin left the market after their device couldn’t overcome technical problems that caused its users to have to continue to carry their cards with them, totally negating the purpose of it. Yesterday, Plastc announced that they were declaring bankruptcy, and it seems like they’re taking the $9 million and going home without ever delivering a single unit.

    So far Plastc has not given any reason why they’re declaring bankruptcy or what is going to happen to their backers’ money. What could have been a contributing factor to Plastc’s demise was the new chip and pin form of credit and debit cards. Instead of swiping, if your card has one of the new chips you have to insert the card into the machine. Could Plastc have failed to foresee the surprisingly quick adoption of this new technology? Could they even have changed the technology used in their devices to accommodate chip and pin?

    With technology developing at an ever-increasing rate, the time between being the next hot thing and the proverbial buggy whip manufacturer is becoming even shorter.

     
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