Credit Cards

How Can I Protect My Credit Cards From Being Hacked?

privacy

Episode 1717

Randy from North Hollywood, CA

Randy's credit cards and bank cards have been hacked and stolen. He uses different companies. Did they steal his card numbers because of shopping online? Leo says to look at the common thread. Leo says to look at the common thread. Someone clearly got to where Randy keeps all those numbers stored. So they may have hacked into his Amazon account or his Google account. Make sure those numbers are blocked. The good news is, that his credit card companies will be monitoring it and will warn him. They will then lock the card and reissue them. 

How can I stop a recurring charge on a credit card?

Credit Card

Episode 1643

Harriet from Los Angeles, CA

Harriet's husband passed away recently, and Skype keeps charging their credit card and won't stop. What can she do? Rich says to dump the credit card company. If they refuse to chargeback the fees, then it's not worth having. Another thing to do is to contact Satya Nadella, the CEO of Microsoft. He'll direct it to an assistant to address the issue.

Signatures Will No Longer Be Required on Credit Cards

https://pixabay.com/en/credit-card-signature-credit-card-1211408/

Episode 1479

Now that pin numbers have been associated with credit cards via the chip, the major credit card companies have announced that effective today, they will no longer require a signature when using a credit card. Leo says that's not only not surprising, but merchants rarely check anyway. But those who do, can still require it for their own records.

Credit card signatures are ending in the US on April 13th

How can I see if my identity has been stolen?

Episode 1199

Mike from Hawthorne, CA

Mike needs to buy a new hard drive. Leo says they've gotten really large and really cheap. He could get a 5 TB hard drive for under $150. And SSDs have dropped below $1 a GB.

Back in 2013, Mike noticed he's had several negative dings on his credit. Leo says to check out his credit report to see if there's fraud or other inaccuracies it. If so, he can challenge them. But if he's a victim of identity theft, it's a hard thing to convince not only the credit agencies, but also the credit card companies and the IRS that he's had his identity stolen.

Why don't I get a PIN with my new chipped credit card?

Episode 1199

Larry from Santa Barbara, CA

Larry has gotten a new credit card and it has a chip on it. Leo says that America has finally gone to the chip and PIN system, and we are now in the process of transitioning to it. The problem though, is that he didn't get a PIN with it, and he wants one. Leo says it's a steady transition. First chip and sign. Then we'll get PINs within a few years. But it's odd that American Express, which has a worldwide presence, wouldn't go with a PIN for it.

How can I protect myself from identity theft?

Episode 1188

Peter from Dana Point.CA

Peter had his credit cards stolen. Leo says it's a very common thing. The good news is that in the US, the banks take all the liability, and this Fall, a new credit card will come out with chips and PIN numbers to guard against theft. Another option is to sign up for one time use credit card numbers, or numbers that can be used with just one merchant.

Banks to Finally Install Chips Into Credit Cards

Credit Card

Episode 1056

After the massive data breach at Target, Banks are finally planning to use the Chip and Pin technology, and will be done by October 2015. You'll be using your credit card, which will then ask you for a PIN. Leo says it's about time. While it won't completely prevent hackers from stealing credit cards, it will make it much harder. How will it affect online purchases? Leo says not much. Users will probably have to give some supporting information, but that's about it.

How to Protect Yourself After Target Credit Card Breach

Between November 27 and December 12 of 2013, Target stores company-wide were hacked, compromising up to 40 million credit cards. The breach does not include purchases made online with Target, only in its retail stores. If you've ever used your credit or debit card at Target in the United States, it's highly recommended that you get a new card and close your current account. Canada Target stores have not been breached, however, because of their requirements for a digital chip in the card itself and a PIN. Without these two factors, a transaction can't be made.