10 Tips for Even Safer Online Banking

About half of Americans now use computers or smartphones as their primary banking method. Online banking with PCs or Macs still reigns supreme as “most preferred” by one-third of customers, but mobile banking has increased fourfold since 2010. Either method is safer than mailed statements. But with their geo-location capabilities, secure banking apps and other advances in mobile software, smartphones may have the security edge over traditional computers. Here’s how to make mobile and old-school online banking even more secure. …

Few African Americans Take Advantage of Retirement Planning Products

Recent research shows that most African Americans/blacks age 50-plus use financial products, such as checking accounts and savings accounts. But only 1 in 10 use retirement planning products, such as a 401(k) plan or individual retirement account (IRA). Millions of Americans haven’t saved any money for their golden years, and millions of others haven’t saved nearly enough. According to the Federal Reserve, the median balance of retirement accounts totals less than $60,000, and many African Americans/blacks have saved even less. >> AARP …

$25: What Scammers Pay for Your Identity

Consider it the law of Evil Economics: With the identity theft business booming, prices for stolen personal information sold on the black market have reached record low prices. “It’s simple supply and demand,” explains Jon Ramsey, chief technology officer at Dell SecureWorks, a division of the computer behemoth. “The identity theft business is so good that there’s a glut on the market” of everything crooks need to commit financial fraud. The result: It costs them less to obtain your stolen identity …