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Non-Cattle Specific Topics
Coffee Shop
World without cash!
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<blockquote data-quote="simme" data-source="post: 1726142" data-attributes="member: 40418"><p>Credit card fraud will mostly result in just inconvenience waiting on a new card. But I have read that a business credit card account may not be as forgiving with the rules.</p><p></p><p>Debit card fraud - might not get that back as has been stated. Consider only having a debit card on an account that keeps a fairly small balance. Not on an account that has a large balance.</p><p></p><p>Cause for concern is a retirement account (401k or ira) with lots of money in it. Tens of thousands, hundreds of thousands or even millions. Use a good password there. Sign up for the 2 step verification for login (code sent to your phone). Read all the texts and emails from those accounts. A few thousand in a checking account will sure hurt if you lose it. Your retirement account going to zero is a whole different issue. It may not be "taking" your money out of the account. One method is they buy shares in a penny stock in their account with a sell order at a certain price. Then use your account to buy LOTS of shares in that stock, spiking the price and causing their shares to sell. You are left with a bunch of pennies when the share price drops back down. They did not take your money. Just used your account for their advantage.</p></blockquote><p></p>
[QUOTE="simme, post: 1726142, member: 40418"] Credit card fraud will mostly result in just inconvenience waiting on a new card. But I have read that a business credit card account may not be as forgiving with the rules. Debit card fraud - might not get that back as has been stated. Consider only having a debit card on an account that keeps a fairly small balance. Not on an account that has a large balance. Cause for concern is a retirement account (401k or ira) with lots of money in it. Tens of thousands, hundreds of thousands or even millions. Use a good password there. Sign up for the 2 step verification for login (code sent to your phone). Read all the texts and emails from those accounts. A few thousand in a checking account will sure hurt if you lose it. Your retirement account going to zero is a whole different issue. It may not be "taking" your money out of the account. One method is they buy shares in a penny stock in their account with a sell order at a certain price. Then use your account to buy LOTS of shares in that stock, spiking the price and causing their shares to sell. You are left with a bunch of pennies when the share price drops back down. They did not take your money. Just used your account for their advantage. [/QUOTE]
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