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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 />

Knights of Columbus Council <strong>#1</strong>1103<br />

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 />

Edward Hill Wealth Management<br />

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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