As you can see by this link in a local newspaper over the weekend, MasterCard and Visa have had over 10 million card numbers breached via a third party that appears to have been hacked. Here's more on the article and what you can do to protect yourself
I mention this because over the weekend, we had one of our accounts emptied, someone made a copy of my wife's card and used it at a supermarket in another state and nearly drained the entire account. We were warned by Card Security services that criminals are putting magnetic readers on things like gas pumps and suggest you should always pay inside. I'm not sure how our card was breached, but there are also scanners criminals can use and there are specific wallets you can buy for about $10 that protect your card's data. I pass this along to you because even as the money will be replaced, it will take weeks and it's a real pain in the rear.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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