New Tool to Help Victims Recover From Identity Theft

Identity theft has become so prevalent that some regulators say it’s not a matter of if you’ll become a victim, but when. Last year alone, the Federal Trade Commission received 490,000 complaints of identity theft from consumers, a 47 percent increase over the year before. And that’s just the tip of the iceberg. An estimated 17.6 million consumers’ identities were stolen in 2014, according to the Department of Justice. Ways to save, expert investment advice, scam alerts and more! — AARP …

6 ‘Other’ Credit Card Protections

Think you’re safer paying with cash? Not always. For instance, holiday shopping means mall pickpockets are on the prowl. Despite reports of data breaches at retailers including Target, Home Depot and others, don’t shelve your credit cards just yet. Compared with debit cards, you’ll have fewer hassles and less liability should your card be used fraudulently. For certain purchases, credit cards are better than debit cards and cash because of other, lesser-known protections. These policies vary by card type and provider, so ask about your specific coverage: Extended return policies. Many retailers …

Data Breach Hits Major Banks

JPMorgan Chase and at least four other major U.S. financial institutions are reporting hack attacks by cyber criminals who lifted customers’ personal information, according to published accounts. The attacks, which apparently took place in August, stole customer data that could be used to drain checking and savings accounts, Bloomberg News said, citing sources briefed by law enforcement. News accounts didn’t name the other banks targeted in the cyber theft or disclose how many customers may be at risk. Banks must …