Tag Archives: debit

Tips for Safe Online Shopping

This was sent to me via the Trustmartk Bank and thought it was worth passing this on as I believe it to be good advice to secure your online shopping experience.

Tips for Safe Online Shopping

There is good news and bad news for consumers that shop online or use a retailer’s custom mobile application.

The good news is there are plenty of available bargains online and through a retailer’s mobile app. Shopping has never been easier or more convenient. In fact, consumers are spending more than two hours per day on mobile apps.

The bad news is shopping online or with a mobile device has risks. Unscrupulous people attempt to take advantage of unwary shoppers. In the virtual world, it can be difficult to distinguish reputable retailers from criminals. Thieves can easily set up a fraudulent website or mobile app that appears to be a legitimate business and attempt to swindle you out of your sign-in credentials or credit card information.

Shopping online and via mobile apps requires special precautions:
Use familiar websites and only download apps from trusted enterprise app stores.
Use strong passwords. A complex password can be the best security defense you have.
Use a good anti-virus and anti-malware program. It is critical that online shoppers secure their devices from viruses and other attacks.
Share payment information only with known or reputable vendors.
Use a credit card instead of a debit card. Credit cards can be the safer choice for online shopping—if someone manages to intercept your financial information online, they can do less damage, and you have more recourse than if you’d used a debit card.
Make sure the order checkout area is encrypted. Make sure the vendor uses SSL (secure socket layers) technology to encrypt information. Look for the URL that begins with “https:”; instead of “http:”.
Print or save a copy of your orders and keep it until you receive your product and verify the transaction on your monthly statement.
Buyer beware. If the offer looks too good to be true, it probably is.
Approaching online shopping with a little bit of skepticism can enable consumers to reap the benefits of convenience while limiting the exposure to security threats.

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Credit card fraud

According to Dave Ramsey of Daveramsey.com, 1 out of 11 identity thefts are done by members of the family.

Scary! The most disturbing part about this is that you must make a police report or you are liable for that debt.

Here are some of the suggestions he made to protect yourself from any sort of fraud (well the best you can anyway)

a. Buy Identity theft protection 

b. Do not use any suspicious websites, even if they sound like they are offering a good deal. Always check that the site has a well-known security protection badge.

Some computers will drop down a box questioning the validity of the site and asking are you sure you want to continue

c. Check your bank statements often. I check mine every two or three days.

d. DO NOT give any information to any email you may receive until you have definite knowledge that  the website or email is legit.

e. Credit cards and debit cards have the same security protection from the bank. Check both at regular intervals  

If you find you have some inconsistencies in your credit report you have a legal right to question it.  The Federal Fair Credit Reporting Act gives you 30 days to prove the inaccuracy and have it removed. 

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