



Three steps to take to protect your account data from getting into the wrong hands
Whether by choice or necessity, American consumers are increasingly relying on debit rather than credit cards. Debit card spending has risen steadily, growing from 47.7 percent of purchases made with plastic in 2003 to 58.9 percent in 2008 and it is expected to surpass 67 percent by 2013, according to the Nilson Report, a newsletter that tracks the consumer payment industry.
When you use a debit card, the money is immediately taken from your checking account. While using debit guarantees that you pay as you go, these cards have downsides, including a growing appeal to thieves. "As economic conditions have worsened, there's been a noticeable increase in all types of card fraud," says Avivah Litan, an analyst specializing in fraud detection and prevention at Gartner Research in Stamford, Conn. "But ATM and debit-card fraud is the top area of concern we're hearing about from banks all over the world."
Unlike credit-card thieves, who usually charge merchandise and then resell it to come up with money, people who create counterfeit ATM or debit cards by stealing your PIN and other account data can simply pull cold cash from your bank account. Using a technique known as skimming, they set up equipment that captures magnetic stripe and keypad information when you input your PIN at ATM machines, gas pumps, restaurants, or retailers.
Here's how you can protect yourself:
Don't Type in Your Pin at the Pump
Be especially vigilant at gas stations, Litan says. "Gas pumps are notorious for skimming because they're produced by only a couple of different manufacturers, and if someone gets the key to one from a disgruntled employee, they can insert a skimming device inside the pump where it can't be seen," she says. She recommends using a credit card rather than a debit card when you fill your tank.
If you must use a debit card at the gas pump, choose the screen prompt that identifies it as a credit card so that you do not have to type in your PIN. The purchase amount will still be deducted from your bank account, but it will be processed through a credit-card network, which will give you greater protection from liability if fraud does occur. This is because card issuers typically have "zero liability" policies for both debit and credit cards, but sometimes exclude PIN-based transactions from that protection.
Stick With ATMs Located at Banks
To reduce your risk at ATMs, use machines at banks rather than in convenience stores, airports, or any isolated locations, advises Darrin Blackford, a spokesman for the U.S. Secret Service, which investigates financial crimes involving interstate commerce. "A thief has to be able to attach and retrieve a skimming device to use the data it's gathered," he says. "And that's more likely to happen in nonbank settings where there's less traffic and no surveillance cameras."
That doesn't mean that bank ATMs are immune, however. In August 2008, Wachovia Bank reported that several debit-card "identities" were stolen when a skimming device was placed on an ATM at a branch in Cape Coral, Fla.
"It's often hard to spot skimmers," Blackford says. "But if you notice a change at an ATM you use routinely, such as a color difference in the card reader or a gap where something appears to be glued onto the slot where you insert your card, that's a warning sign you'd want to report to the bank that owns the machine."
Closely Monitor Your Bank Accounts
Check them regularly—preferably online rather than waiting for monthly statements to arrive in the mail. Federal law limits your liability for fraudulent debit-card charges to $50, but only if you report the theft or loss of your card or PIN within two business days of discovering the problem. If you fail to report unauthorized charges within 60 days of the date the statement listing those charges was mailed, you could be liable for any unauthorized withdrawals afterward, including the full value of credit lines or savings accounts linked to your account for overdraft protection.
Visa and MasterCard have zero liability policies that go beyond federal law by exempting debit cardholders from liability in most circumstances when a bank investigation confirms that a transaction is fraudulent. But dealing with debit-card fraud can have a greater impact on your finances than credit-card fraud.
When you're a victim of unauthorized charges on a credit card, you won't be out any money while the disputed charges are being investigated. But when a thief steals money from your bank account using a counterfeit debit or ATM card, that cash won't be restored to your account until the bank conducts its investigation and classifies it as a case of fraud. Some victims of debit-card skimming scams who have contacted the Privacy Rights Clearinghouse, a nonprofit consumer advocacy group, about their experiences report that while banks in most cases replenished the stolen funds, some of them had no access to the money for several weeks while bank investigations were conducted.
Consumer Reports has no relationship with any advertisers on Yahoo!
Copyrighted 2009, Consumers Union of U.S., Inc. All Rights Reserved.
| I never treat my life as bitter. I describe it as fun and jolly. But let me just express out how I feel today cuz of something that made me feel sad. I really wanted to have someone to talk to. Thanks to a friend of mine where she consoles me when she noticed that sad look in my eyes.(pano kaya nila napapansin?may slogan ba na nakasulat sa mata na malungkot ka pag nakikipag-usap sa kanila?I find 't weird cuz I paint my face with a smile but there she goes...noticed the bitterness I am feeling)Moving forward, I know you're clueless bout what I am saying and let me just talk to this pc now to ease some pain in deep. Let me begin with few questions here: 1.] Sino may alam diyan na psych?baliw na kasi ako... 2.] Pano ba makipag-usap sa multo? 3.] Kung bibigyan kang pagkakataon...makikipag-usap ka ba sa multo? 4.] How would you stay positive if all things that you think are in contrast with what you believe in? 5.] Kung magpapakamatay ba ako may mapapala ako?(alam ko wala..pero what if?) 6.] Pano ka matutulog kung hindi ka pinapatulog ng isip mo? 7.] Pano mo paglalabanan ang hirap o pighati na nadarama ng iyong puso kung hindi mo maramdaman na may puso ka? 8.] Nawawala ba ang puso? 9.] Kung mawala ang puso mo saglit,hahanapin mo ba 'to? 10.]Sabi nila naririnig daw ni Lord lahat ng prayers ng sansinukob...malapit na kaya para i-entertain niya mga hiling ko? 11.]Pano ko malalaman na malapit na niyang sagutin mga hiling ko? Naku! Unfair kasi walang notification kung accepted o rejected ang mga f-in-ile mong request? I have the answers to those questions.I'm just so damn confused about it.It feels so bad when you need someone and she's out of reach. It hurts so much when you miss someone and you'll never ever get the chance to talk to her. It hurts when you know that the person that you owe your life from will never have the chance to feel your embrace. It hurts so much when you miss those arms that helds you in times of sorrow. It's freakin difficult to accept that no matter how you stay positive over things you still end up having tears cuz you are aware that you can not be with her anymore. It aches deep inside how you long for someone and have that fact that she'll not come back. It really hurts when you miss every lil thing about her and cant do anything about cuz you are bound to accept the truth. It really hurts! Damn! Happy Birthday!:[ |
I never got a life that's too busy as it is now. I used to waste my time before on silly things like roamin' around the mall, 5-hours-internet-surfing, sleeping, goin to school to meet attendance requirements and basically fooling around. I never value time coz I live life to the fullest. I live life as it is. I live to have fun and to satisfy myself with the things that I love to do. I live the way I wanted without people mandating me on what to do.
Though my parents are strict and keeps telling me to do things appropriately, I don't follow them (well, if I think that it's not worth to be followed) and just do what I think. I don't believe in "baka pagsisihan ko sa huli ang mga ginagawa ko"... well, I don't make things that I would end up blaming myself of its cons. I know that everything I do is in accordance with I feel, think and perceive... (wait wait..perceive?does it include the way I feel?hmm..) I know that everything that I do is right and if it's not (for others...) well I do not blame myself for it cuz on the first place I'm the one who commit it. I just add’t as one learning tool that so that I'll not do ’t again.
But now? Yes, I live to the fullest still but I get too busy that I don't see myself doing things that I'm used to before. I don't know. My life now is busy-boring-robotic. Busy cuz I need to do well with my work and have to attain good evaluations. Even if I'm off from school, it feels like I'm still studying (double the research or assignment stuff in school) cuz I need to know every little thing about what I'm telling to those (BULL****) customers. In that way I'll not mislead them. Boring cuz I'm bound too do what alters my principle. I need to be kind to them and follow every little policy that is written and is governed by their LAW. I can't exercise my own belief. Good thing is I can address what I truly feel the way I stare at them (makuha ka sa tingin…haha!)—and that in some way makes me feel good. Robotic may mean I do same thing that I do every other night.
Well, the good side is I know how to be more independent ( pakipansin ang quantifier na ginamit ko dito…which means I’m independent before!hehe). I no more rely on my sibs and parents. I live alone and it feels good cuz whatever happens I need to resolve‘t by my own. I don’t know if it’s fine cuz I miss them at times. But I look at it in an encouraging way… they say if you’ll look every thing in its good side, you’ll not feel awful. Well, what do you think?
Falling in love is a magical experience that happens between two people. So why do people fall in love?