Online Transaction Security

Published On August 18, 2014 | By Tom Huskerson | Security

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.

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About The Author

Tom Huskerson Bio Born in Richmond Virginia Tom Huskerson is a military veteran who settled in California after his discharge. Tom attended Santa Barbara City College where he began his writing career as a campus reporter. He worked as an intern news reporter for the Santa Barbara News-Press writing feature stories before moving on to San Francisco. At San Francisco State University Tom studied broadcast communications and began to focus on the Internet. He completed his graduate thesis on Internet advertising. Tom was the first student to ever focus on the Internet as a graduate student at San Francisco State University. After graduation he went to work for Zona Research in California’s Silicone Valley. As a research associate Tom supported senior analyst writing on the latest developments in the Internet industry. During the dot com boom Tom worked for several web businesses as a market researcher and analyst. As a writer and researcher Tom has authored various technical works including a training program for Charles Schwab security. Other projects included professional presentations on workplace violence and hiring security contractors. Tom has also written both fiction and non-fiction works and blogging for a travel website. He has published two books of short stories and completed two novels. Tom is the owner of Scribe of Life Literature and EbonyCandle.com. Tom is not the chief editor for the OnTechStreet. com. A news and information blog that focuses on tech news for African-Americans. The blog is the result of his desire to inform the African American community of the dangers and benefits of the cyber age. In his blog Tom reports on information security, new and analysis, scams and hoaxes, legal happenings and various topics that arise from the age of information. Tom believes that technology is a necessary tool for black people and they should know what is happening. Tom writes believing that techno speak is for the professional and that valuable information can be communicated using plain language. As a result he has embraced the motto, Less Tech, More Knowledge.

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