Willis Report: Protect yourself from credit hackers - FOX 26 News | MyFoxHouston

Willis Report: Protect yourself from credit hackers

Posted: Updated:
NEW YORK -

The Target breach of credit card numbers and other private information of as many as 110 million customers has just about everyone on edge. Already two people have been arrested in connection with the hacking of customer data that began last Black Friday, but we still have a long way to go in determining exactly how the breach happened.

Protecting yourself from such trouble isn't simple. First off, some sources say that more chains were hit. So simply not going back to Target to shop isn't a solution.

Here are my best ideas for protecting yourself from credit hackers:

  • Consider using cash. The reality is that in the second or so it takes a credit card transaction to take place, your information switches hands a dozen times you're your bank to the store's bank, but also to middlemen like card processors. That's a lot of opportunity for trouble. Using cash today will protect yourself from hackers this moment, but won't do anything to reduce the likelihood that your information has already been compromised.
  • Ditch the debit card, for now. Your least protected card in your wallet is your debit card. Look, if bad guys grab your credit card number and go on shopping field day, you can contest those transactions and your liability is capped at $50. (Many card issuers don't even make you pay that much). The rules are more strict with debit cards . Debit card liability is capped at $50 unless you fail to report fraud within two days, and then your liability jumps to $500. Miss the deadline for a couple of months and you have no protection. Remember, a debit card is a call on your personal checking account. Credit card transactions, on the other hand, are made with the bank's money.
  • Check your credit card statements routinely online – as often as every single day. That's what one of my experts told me on The Willis Report. And, it makes sense. You want to be aware of fraud as soon as it happens. Checking everyday means that you'll want to have as few cards as possible. After all, who wants to have to troll online through 15 different websites?
  • Fraud protections services, in my view, are really too little, too late. Target is offering this sort of benefits to customers, but it's only useful in finding out a theft that has already occurred.
  • If you were a Target shopper this holiday season, take special care in responding to any offers or requests for information. Already, some scammers have started contacting consumers, pretending to be bank representatives and asking for information. If someone contacts you asking for personal data, hang up the phone and call your bank directly.

At the end of the day, your money can be replaced, but the real item you want to protect is your personal identity because when that is stolen it can cause headaches for years to come.

Or to put a fraud alert on your credit:

 

  • Good Day ArchiveMore>>

  • Get educated with online classes

    Get educated with online classes

    Friday, September 12 2014 11:17 AM EDT2014-09-12 15:17:09 GMT
    Ever wanted to take classes but thought you didn't have the time or or you couldn't afford it? Well with more and more online options out there, you do and you can. And many of them are free.
    Ever wanted to take classes but thought you didn't have the time or or you couldn't afford it? Well with more and more online options out there, you do and you can. And many of them are free.
  • Celebrate Oktoberfest in Helen GA

    Celebrate Oktoberfest in Helen GA

    Friday, September 12 2014 10:18 AM EDT2014-09-12 14:18:31 GMT
    It's the annual celebration of beer, brats, and bands.  And, everything else having to do with German culture, of course!
    It's the annual celebration of beer, brats, and bands. And, everything else having to do with German culture, of course! The 44th Annual Oktoberfest launches with a parade Saturday, and continues at Helen Festhalle for the next several weeks.
  • Pike Nurseries: Fall table decor

    Pike Nurseries: Fall table decor

    Friday, September 12 2014 9:29 AM EDT2014-09-12 13:29:31 GMT
    Here are some easy (and elegant!) ways to use fall flowers, vegetables, herbs and accessories to create a look for the table that easily transitions for the upcoming Halloween and even Thanksgiving holidays!
    Here are some easy (and elegant!) ways to use fall flowers, vegetables, herbs and accessories to create a look for the table that easily transitions for the upcoming Halloween and even Thanksgiving holidays!
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices