Thursday, July 15, 2010
A little background before continuing. We watch our bank account on a daily basis, our credit cards at least twice monthly. We also request free credit reports, both my wife and I, every 4 months. So how could this possibly happen?
The bad guys had stolen our debit card number through some transaction that we could not trace. It happens. What matters is that we were regularly monitoring our credit accounts and bank statements, and banked with a reputable institution that watches out for its customers. The breach did not cost us a penny, and the time spent was minimal.
There were 2 charges against our debit card; one at the Alaska Bayside Hotel for $6.48 and another at the New Mexico Candlewood Suites for $4.26. Since we live in Arizona, and there were no other records of travel to either of these places, a flag went up at the bank. We responded promptly and no damage was done. Dan replaced the debit cards with new numbers and we are on our way
Yes, the charges were small, and some folks, especially the elderly, might just overlook or just ignore them because of the amount. That’s when the crooks go into action, and their next transaction could empty your bank account.
For the best information on identity theft—prevention, handling, follow-up—go to Identity Theft Resource Center (ITRC), and change your habits in the future to include regular protection of your private information.
Posted by Jack Dunning at 7:00 AM