Trying to protect your money online is no easy task. Online transaction security is almost nonexistent with some companies. And many banks will simply pay off your fraud claim rather than secure their systems. These guys at the top of banks and transaction services feel it is not yet worth the price of providing good security. Its cheaper to simply pay the claim than investing in better security. So when you shop online, pay bills, or do your online banking its basically up to you to protect yourself and your money. Don’t depend on or even hope that the any retail or online store is looking out for your best interest. Its a dream! Why? Because you can’t really hurt them. The courts require you to prove actual damages from a data breach before you can bring a lawsuit. So unless you can prove your identity was stolen because your bank sucks at protecting data you are basically out in the cold. That needs to change. All we can hope for is that these companies lose enough money to start suing each other and that’s exactly whats happening. We are also seeing the goverment step in as the FTC is now getting in the game and suing these companies for their poor data security.
I strongly suggest that you visit Kaspersky Labs and check our their article for some helpful tips to keep you safe when conducting transactions online. Because black people don’t play when it comes to money. Yeah, I said it again.