debit

6 Places Never to Use a Debit Card

Posted on 05/23/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsCredit or debit? Although both cards look the same, they offer different protections. Under federal law, if your credit card is used to make unauthorized charges after it is lost or stolen, you’re liable for only $50 — no matter the amount and with no time restrictions to report the fraud. And many issuers won’t even charge the $50 for valued customers. But with a debit card, you have just two business days to report an unauthorized loss or money transfer, or …

How Target-Like Breaches Occur (P.S. More Are Expected)

Posted on 01/28/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsMaybe you are among the 110 million Target shoppers whose payment card or personal information was hacked during the recent holiday shopping season. Perhaps you are one of the 1 million-plus Neiman Marcus customers whose data was exposed in a 2013 breach just recently announced. Been to Michael’s lately? The arts and crafts retailer is the latest well-known company whose customer payment details were reportedly stolen in the same type of data breach. How are con artists doing it — and which …

Cyber Scam Predictions for 2014

Posted on 12/27/2013 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsAs the year closes, leading online security vendors are looking into their crystal balls – or rather, reviewing recent trends of trickery – to predict the top cyber scams of 2014. Some notables worth a mention: TVs watching you. Many traditionally “dumb” devices are getting “smarter” – televisions, gaming systems and even baby monitors are being connected to the Internet and often contain cameras or microphones. So, many cybercops predict them to be a magnet for attack, such as remote spying. …

Hackers Steal Target Shoppers’ Credit, Debit Card Info

Posted on 12/19/2013 by |AARP Blog Author | Comments

Money & SavingsHackers have stolen confidential data from as many as 40 million credit and debit cards that shoppers used at Target stores from the day before Thanksgiving until December 15. The data breach reportedly extends to nearly all of Target’s 1,797 stores nationwide and involves the hacking of machines at checkout lines on which customer swipe their cards when making purchases. So far, there’s no indication that payment data was stolen concerning online purchases from Target, the nation’s second-largest retailer. News of the …