With financial transactions undergoing a massive change in the last decade, you can now make purchases online and on the go. You can now transact without swiping through the contactless NFC card feature. But, this has also exposed your credit card to threats like fraud and identity theft. Credit card fraud in India for the last financial year amounted to Rs.65 crore. So, protecting yourself is something you should take seriously. Here is a checklist you can adhere to that will help you cover the basics of using your credit card securely. Maintain your account details carefully Keep your account details private. While that may be straightforward and simply put, there are certain practices you should put in place for your security. Avoid giving your account details over the phone, be it via a phone call or a text message. An official from a bank will never disclose any information in full over a call and neither will they ask for it. So, ensure you don’t fall prey to scamsters. … [Read more...] about How to Ensure Financial Safety on Your Credit Card?
Identity theft credit card
Bond was set at $100,000 Tuesday for a Naperville man charged with felony identity theft for using stolen credit card information to pay his and others' court fines, prosecutors said. During a court appearance, Brenton Thurman, 28, of the 0 to 100 block of Olesen Drive, was also ordered by DuPage County Judge Joshua Dieden to show that any monies used for paying the required $10,000 bail were not obtained illegally. The DuPage County State's Attorney's Office said Thurman made multiple payments to the DuPage County Clerk of the Circuit Court Office in March 2018, adding up to about $6,000. Thurman took cash from people to pay their fines and fees, prosecutors say, but kept the money and used stolen credit card information to pay the clerk's office.The clerk's office uncovered the scheme and contacted the state's attorney's office to conduct further investigation, according to a news release.Thurman is due in court again Oct. 29 for an arraignment. … [Read more...] about Naperville man charged with using stolen credit cards to pay court fines
Home HomeNewsEducationHealthTechManufacturing & LogisticsLife SciencesAg INnovationINPower INnovatorsBigWigs & New GigsVideoPurchase Gerry DickGerry's ViewSpeaking Engagement RequestSubscribeNewslettersPODCASTAppRSSOn-AirTV & Radio Listings ContactAbout IIBMeet the TeamContact UsIntern with IIBFlagship Stations Child Identity Theft: Are Your Children at Risk? Posted: Monday, September 24, 2018 9:58 AM EDTUpdated: Monday, September 24, 2018 9:58 AM EDTBy Kathy Hower, Senior Wealth Advisor, Bedel Financial Consulting [email protected](Image courtesy of Bedel Financial Consulting Inc.) Sounds absurd, doesn't it? However, young children are prime targets for identity theft. Experian estimates that one of every four children will fall victim to identity theft before age 18. How does this happen? More importantly, how can you prevent it from happening to your child?Untangling child identity theft can be time-consuming and costly. It could even … [Read more...] about Child Identity Theft: Are Your Children at Risk?
Janna Herron USA TODAY Published 10:56 AM EDT Sep 21, 2018 Amy Wang and her husband spent the first six months of 2016 trying to repair their credit after someone redirected their mail and stole tax forms with sensitive information. A Macy's, Bloomingdale’s and Kmart credit card were all opened fraudulently in Wang’s husband’s name. The criminals also gained access to her three children’s personal data, including social security numbers. Now Wang, an occupational therapist in Miami, worries her teenagers’ identities may be in jeopardy, too. “It took so long to resolve everything else that I don’t want to look for other problems,” Wang, 49, said. “But these guys can hold onto their information and use it any time.” She has good reason to be concerned. While children make up a small number of all identity theft cases – more than 1 million minors were victims last year out of 16.7 million – the … [Read more...] about Identity theft: After Equifax breach, how to freeze children’s credit
No arrest has been made in the case against a former McMinn County, Tennessee, detective charged with aggravated identity theft and wire fraud linked to more than $27,000 in purchases made from financial information he allegedly stole during a search. Federal court records in Chattanooga indicate that former detective Joshua Rhodes has not yet been taken into custody on the 11-count federal grand jury indictment, and Rhodes does not yet have a lawyer or court date on record. Officials in the U.S. Attorney's Office in Chattanooga declined to comment on the case when contacted Thursday, and no phone number for Rhodes could be found. The charges against Rhodes go back to a McMinn County Sheriff's Office search operation on April 28, 2016, at the motel room of a man referred to only as "JO" in court records. Rhodes was part of the team assigned to serve the search warrant. Federal officials accuse Rhodes of devising a scheme "to defraud and obtain money by false and fraudulent pretenses … [Read more...] about Deputy charged with wire fraud, identity theft not yet arrested