Experts Offer Tips on Protecting Your Credit - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Experts Offer Tips on Protecting Your Credit

Posted: Updated:

Fraud experts says the reason we're hearing about more and more data breaches is because credit card security in the United States is incredibly weak right now.

"It's difficult to stay ahead of the people who are hacking or breaching sites."

Tony Rucci runs Root Technology, an IT security company. He says once accounts are breached, within just a couple of days, your valuable credit card information is up for sale on the black market. "They're selling credit card accounts with the PIN numbers on order of about $5-$10 a piece, in most cases."

It used to be protecting your credit was as simple as shredding your documents. Not any more...criminals, like everyone else, have gone high-tech.

"Fraudsters have actually gained the ability to encode fake credit cards with actual credit cards numbers. They've figured out how the coding system works."

Sergeant Dennis Carry heads up the Cyber Crimes Division for the sheriff's office in Washoe County. He says the criminals use stolen account information to buy things online, but sometimes it's even easier to just walk into a store. "Most of the time the tellers that are taking the information or using the automated system, there's no verification system." 

So unless you're ready to get rid of all your plastic - experts say you have to keep on top of your accounts, checking on your activity often - daily if possible and don't forget about keeping online accounts safe, too.

"Make sure you're changing your PINS and passwords. Every single time you hear about a breach or anything like that and look at your card and account to see if you may have been involved," says Rucci.

Another tip - reducing the amount of credit cards you have will make keeping track of purchases easier.

Experts also told us with the high volume of breaches that are happening right now, it's not a matter of "if" your credit will be stolen, it's a matter of "when." So catching it as soon as possible is the best way to avoid bigger problems in the long run.

Written by Andi Guevara
 

  • Today's Top StoriesMore>>

  • Suspect Killed in Officer-Involved Shooting Identified

    Suspect Killed in Officer-Involved Shooting Identified

    Tuesday, September 2 2014 9:19 PM EDT2014-09-03 01:19:35 GMT
    The Washoe County Medical Examiner's Office has identified 42-year-old Royal Shawn Bingamen, from Idaho, as the armed robbery suspect who was killed in a shootout with Reno police Sunday night.More >>
    The Washoe County Medical Examiner's Office has identified 42-year-old Royal Shawn Bingamen, from Idaho, as the armed robbery suspect who was killed in a shootout with Reno police Sunday night.More >>
  • State Attorney General Files suit against the Washoe School Trustees

    State Attorney General Files suit against the Washoe School Trustees

    Tuesday, September 2 2014 7:08 PM EDT2014-09-02 23:08:29 GMT
    The list of legal problems for the Washoe School District grew this morning as the State Attorney General's Office filed six counts each against the six trustees involved in the Pedro Martinez suit. But The School Board's outside counsel says he began working on settlement in that matter since last Wednesday and able to file it immediately. The suit alleges the trustees made six different violations to the State Open Meeting Law and that they should be paying $500 per violation. Those violati...More >>
    The list of legal problems for the Washoe School District grew this morning as the State Attorney General's Office filed six counts each against the six trustees involved in the Pedro Martinez suit. But The School Board's outside counsel says he began working on settlement in that matter since last Wednesday and able to file it immediately. The suit alleges the trustees made six different violations to the State Open Meeting Law and that they should be paying $500 per violation. Those violati...More >>
  • Paleo Program to Lose Weight

    Paleo Program to Lose Weight

    Tuesday, September 2 2014 7:03 PM EDT2014-09-02 23:03:32 GMT
    The paleo lifestyle might be the right thing for you to lose weight.  At least a local doctor's office thinks so.More >>
    The paleo lifestyle might be the right thing for you to lose weight.  At least a local doctor's office thinks so.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.