The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
Cybercriminals Hack Email, Steal Funds
Credit.com chairman and co-founder, Adam Levin spoke to USA Today about the importance of cyber security. A recent story on online hacks found a seasoned financial adviser being scammed and wiring cash to a fraudulent account. Adam points out the security weaknesses involved with online communication and stresses that consumers keep a watchful eye over their personal information. Read the article here and watch below. @Adam_K_Levin @lastwatchdog @USATODAYmoney
Adam also spoke to WTOP about how cyber thieves also hacking emails to learn the way clients talk to their financial planners and then mimic the tone in emails directing funds to be taken out of accounts. He warns against taking any important actions from a directive over email alone. He says to wait and make sure to get voice confirmation to back up digital requests. @WTOP
The New Cyber Security Threat
Adam spoke to WSJ Daily Wrap about another new cyber security threat — this time involving medical records. People are hacking into medical center databases and encrypting the records and holding them hostage for ransom. Adam explains both the security benefits of digital medical records and the need for maximum security to avoid cases like these. @DailyWrapWSJ
Rewards Cards — The Good, The Bad
Gerri Detweiler, Credit.com director of consumer education, discussed the pros and cons of rewards cards with US News and World Report. She sites the excitement that comes along with earning rewards points as another reason people overcharge on their credit cards. This can also be dangerous since many rewards cards have higher interest rates than other credit cards. She also gives her picks for the best rewards cards. @GerriDetweiler @DanielBortz @USNews
March 11, 2021
Personal Finance
March 1, 2021
Personal Finance
February 18, 2021
Personal Finance