Despite stability in the number of victims and losses last year, the ways that credit card fraud occurs have changed. With the switch to chip-enabled EMV cards in 2015, identity thieves are moving from cloning counterfeits of that existing plastic and, instead, are focusing on opening new fraudulent accounts with stolen Social Security numbers and other sensitive data.
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.
Some 12 million smartphones have mobile apps that secretly run a barrage of hidden advertisements in the background — roughly 700 per hour — that gobble up to 2GB of data per day and shorten battery life in its host device.
Well, they might be - if you are one of the 58 percent of adult Americans who own a smartphone. Each smartphone broadcasts a unique identifying code through signals emitted as the phone searches for available networks. Retailers can track these signals and follow the in-store movements of customers as they shop.
"Always on and always on you" describes the extent to which consumers have integrated cellphones, smartphones and tablets into their daily lives. How deeply do consumers depend on these mobile devices? One survey found 44 percent of cell owners have slept with their phone next to their bed because they were afraid to miss any calls, text messages or other updates during the night.
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