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Southern Pines Today July Edition Page 7<br />
nuary Edition Pinehurst Town Crier Seven Lakes February News Edition Page 9<br />
Debit Card Compromised?<br />
In 2017, the number of debit cards<br />
compromised at ATMs and merchant<br />
card readers — typically via skimming<br />
devices that capture card data — rose<br />
10 percent, according to a new report<br />
from data analytics company FICO.<br />
The increase follows two years of<br />
larger spikes in this kind of fraud,<br />
said Michael Betron, senior director<br />
of product management at FICO.<br />
“If you look at it over the last three<br />
years, the rate of compromise has<br />
almost doubled, every year over the<br />
last three years,” he said.<br />
(910) 466-9140<br />
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When at the gas pump and other<br />
merchants and screen says Debit/<br />
Credit, always choose credit.<br />
Be cautious about how your debit<br />
card links to your various bank<br />
accounts, said Stephens. That could<br />
give thieves access to more of your<br />
cash. For example, your bank might<br />
allow you to connect a savings account<br />
to your debit or ATM card.<br />
A better option might be to keep your<br />
checking account balance low, and<br />
hold your savings in a different financial<br />
institution, Stephens said. You<br />
can also opt out from overdraft protection,<br />
meaning a debit transaction<br />
that would overdraw your account<br />
will be declined instead.<br />
Monitor your bank accounts regularly<br />
to spot LLC and is report pleased any suspected<br />
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to announce our new office Serving problems Southern quickly. Depending Pines on your<br />
Here’s why you should 1148 think Seven twice Lakes<br />
financial<br />
Dr<br />
institution, you may also<br />
before I welcome using your debit you card. to call or stop<br />
be able<br />
by<br />
to<br />
our<br />
set up<br />
office.<br />
alerts for large<br />
purchases and other red-flag transactions.<br />
15 This years past year Financial I have had Experience 2 debit<br />
Fiduciary: cards at First legally Bank and act 1 at on BBT the best interest of the client<br />
Retirement: which were compromised IRA, 401K, by Social thieves. Security HOW TO PROTECT YOURSELF<br />
Estate The charges Planning: were covered Trust, by Wealth the Transfer<br />
Insurance: banks but what Long-Term a nuisance Care, it was to Life, Key Employee<br />
Education contact credit Planning: card, insurance, 529 and Shield your data. Use only one card<br />
other companies with a new debit for on-line purchases. Send bill<br />
card to pay monthly hillwealthmanagement.com<br />
bills.<br />
payments from your bank instead<br />
of giving debit card number to third<br />
For Securities thieves, Debit offered Cards through represent LPL Financial a parties to pay cell phones etc.<br />
Member FINRA/SIPC<br />
lucrative spending opportunity.<br />
Enable 2 step verification now offered<br />
by VISA and other systems.<br />
Don’t use the same passwords. Get<br />
free password managers like Last-<br />
Pass or Dashlane stream hard to<br />
crack passwords.<br />
Don’t ever use unsecured WI-FI.<br />
Thieves can intercept your data.<br />
Avoid using ATM machines.<br />
When you are traveling alert your<br />
bank. Several times I have tried to<br />
use a debit card and it was declined<br />
Don’t be so quick to pull out your as a security measure from my bank.<br />
debit card for an on-line or in-store<br />
Founders purchase. Fraud Hall protections at Sacred on Heart a Check Catholic your activity Church every every day.<br />
second credit card and are fourth superior Thursday to those on a of With the debit month. card fraud Bingo you proceeds<br />
debit card. support many worthy causes days from in the Moore fraudulent County. transac-<br />
have 60<br />
tion to alert your bank. If you miss<br />
Doors “Credit is open better at: than 6:30 debit PM for all to purchase that 60-day BINGO window sheets your bank might<br />
transactions, and refreshments, because of the better BINGO not starts cover any at of 7 your PM, losses.. If you<br />
consumer 300 protections,” Dundee said Rd., Paul Pinehurst, realize NC that your 28374 card or PIN was lost<br />
Stephens, director of policy and advocacy<br />
for the Come Privacy join Rights your Clearing-<br />
family days and to friends report the problem and be<br />
or stolen, you have just two business<br />
house.<br />
for an evening liable of fun for only $50 in fraudulent<br />
charges. If you wait longer than two<br />
days (but fewer than 60) you may be<br />
liable for up to $500.<br />
Last year there were almost 2,000<br />
breaches whereby over 36 million records<br />
and 15.4 million were victims<br />
of fraud according to IDTHEFTCEN-<br />
TER.org.<br />
Edited By: Victoria Levinger<br />
Sources: CNBC, Smart Assets<br />
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