Jay's mother is having issues with her bank, that here ATM card is getting accessed over and over again, even though the bank has reissued the card with a separate number. How can that be and what can he do? Leo says that a smaller bank may have lackluster security. Protections are much better on credit cards, than debit cards. You can only be on the hook for $50 with a credit card. With a debit card, the limits are higher. Always keep possession of your debit card and use a credit card for other options, like online purchases, or eating out.
A sophisticated malware attack has robbed hundreds of banks in 30 nations, including the US, Russia, Japan, and Europe. According to a report from Kaspersky Labs provided to the New York Times, upwards of $300 million dollars was stolen, which could make this one of the largest bank heists ever.