Access to information and entertainment, credit and financial services, and products from every corner of the world is greater than earlier generations could ever have imagined. Thanks to the Internet, consumers may order products, download games and music, or conduct online banking 24 hours a day.
However, the flip side is that the Internet also affords online scammers, hackers, and identity thieves access to personal computers, information, finances, and much more. According to the Federal Trade Commission, there are millions of victims of identity theft a year. It’s often difficult to know how thieves obtain a victim’s personal information, but instances of ID theft often start when online data is stolen.
The following is a glossary of terms, provided by the Federal Trade Commission, aimed at educating consumers on various software and computer scams used to steal and protect individuals from ID theft:
Anti-Virus Softare
Protects personal computers from viruses that can destroy data, slow a computer’s performance, cause a crash, or even allow spammers to send email through a private account.
Bizopps
Shorthand for “business opportunity;” some schemes involve extravagant and unfounded earnings’ claims and are actually fraudulent business ventures.
Browser Highjacker
A common spyware program that changes a web browser’s home page automatically, even if the owner changes it back.
CAN-SPAM Act
A law that prohibits senders of unsolicited commercial email from using false or misleading header information or deceptive subject lines, and requires they identify each email as an advertisement, among other provisions.
Download
To copy files from one computer to another; to view a website or other web material with a browser.
Drive-by Download
Software that installs on a computer without the owner’s knowledge when he or she visits certain websites. To avoid drive-by downloads, make sure to update operating system and Web browser regularly.
Encryption
The scrambling of data into a secret code that can be read only by software set to decode the information.
End User Licensing Agreement (EULA)
A provider’s legal terms. An “end user” may be required to “click” to accept before downloading software.
Exposure
When sensitive data is released to someone without authorization.
Filter
Software that screens information on the Internet, classifies its content, and allows the user to block certain kinds of content.
Firewall
Hardware or software that helps keep hackers from using a personal computer to send out personal information without permission.
Hacker
Someone who uses the Internet to access computers without permission.
Hidden Dialers
Programs that a user may unknowingly download that can use a computer to silently dial expensive phone calls which later show up on a phone bill.
IP Address
A computer’s “address,” which consists of a series of numbers separated by periods.
Keystroke Logger
A device or program that records each keystroke typed on a particular computer.
Malware
Criminals sometimes use malware, programs like viruses and spyware, to get into a personal computer. Once there, the criminal can steal information, send spam, and commit fraud
Online Profiling
Compiling information about consumers’ preferences and interests by tracking their online movements and actions in order to create targeted ads.
Personal Information
Information that can identify someone, such as bank and credit card numbers; income; Social Security Number; or name, address and phone numbers
Phishing
A scam that involves Internet fraudsters who send span or pop-up messages to lure personal information from unsuspecting victims.
Spam Zombies
Home computers that have been taken over by spammers who then use them to send spam in a way that hides the true origin.
Spam
Unsolicited commercial email, often sent in bulk qualities.
Spyware
Software program that may be installed on a personal computer without the owner’s consent to monitor his or her use, send pop-up ads, redirect the computer to certain websites, or record keystrokes, which could lead to identity theft.
Trojans
Programs that, when installed on a computer, can enable unauthorized people to access it and sometimes send spam from it.
Virus
A program that can sneak onto a computer – often through an email attachment – and then make copies of itself, quickly using up all available memory.
Wi-Fi Protected Access (WPA)
A security protocol developed to fix flaws in WEP. Encrypts data sent to and from wireless devices within a network.
Worm
A program that reproduces itself over a network and can use up a computer’s resources and possibly shut the system down.
With awareness as a safety net, computer users conducting online banking or other activities that require the use of personal information can minimize the chances of identity theft. Vigilance is required when it comes to protecting personal information, a computer, and even yourself.
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Help answer the question aboutonline bank
Have you used an online bank like the Money Store for your mortgage?Have you used an online bank like The Money Store for your mortgage?
I'm considering purchasing a home and need to find a mortgage. The Money Store offers a 6% fixed rate, 30 year mortgage with no closing costs. Is this a good deal? Are there any gotchyas to the "no closing costs"? I thought that the slightly higher 6% rate would not be bad considering we might not stay in the home long and we tend to pay off our debts pretty aggressively. (having just paid off our rental property this year).
October 6th, 2009 on 8:24 am
Ce ma enerveaza aia de la inceput imi vine sa-i fut una.
October 6th, 2009 on 8:24 am
=)))))) pl ba nu mai pot de ras
October 6th, 2009 on 8:24 am
sa nu se verse copilu:)))))
October 6th, 2009 on 8:24 am
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October 6th, 2009 on 8:24 am
paishape`
October 6th, 2009 on 8:24 am
sorin =)) cel mai tare puradel:X =))
October 6th, 2009 on 8:24 am
in acest video ce ne-ati aratat?un meci dintre voi si limba romana,care cu siguranta a fost castigat de LIMBA ROMANA
October 6th, 2009 on 8:24 am
bai asta se crede Borat!
October 6th, 2009 on 8:24 am
…imi spui si mie cat face 5+5 ?? =))
October 6th, 2009 on 8:24 am
Online banking is a bigger term than simply online bill pay. There are several ways your bank can pay your payee – one is that they simply mail a check. The other, if they do a lot of business with the payee, is to simply make an electronic payment (ACH) to your payee – usually places like your electric company. Another way, if the payee banks at the same bank, is to simply deposit money to the payee's account at the bank.
Any of these cost the bank no more than if you had written a paper check or had initiated an ACH/wire transfer and in some cases, costs them less.
Some banks offer these services for free, others don't. One of my banks charges me about $0.65 to send a check from the bank but doesn't charge me to electronically pay someone. Another of my banks charges nothing to send a check but they don't like doing an ACH so they charge me for that.
In the long run, nothing at a bank is free – it will be paid for somehow. Usually with banking fees.
October 6th, 2009 on 8:24 am
Any bank that has weathered the current financial storm is safe to invest in. Bank of America, JP Morgan Chase, to give you a couple of examples.
Now, when we looked into savings for our children, we decided not to go with a college savings plan; the reason is that if one of our children either gets a full scholarship, joins the armed forces, or whatever else, the money saved would not be used, and by trying to use it on anything else it would be hit with so many penalties that it would be like we never invested the cash in the first place.
We decided instead to research a medium risk mutual fund, and have one for each of our kids. As they get closer to college age, we'll probably shift the capital into a low risk fund, but this way, they have money saved up for school if needed, or for whatever else if they don't.
Good luck.
October 6th, 2009 on 8:25 am
wire transfer for a cost of about 20 dollars!!!
October 6th, 2009 on 8:25 am
Check out http://www.igoonlinebanking.com you can read about there different services and if your interested sign up with them. Their online savings account has high interest rates and only require one dollar in the account at all times. I don't believe they charge a monthly fee.
October 6th, 2009 on 8:25 am
That's not something that you can do on your own. If you call in and speak with the Online Banking Department they can add those account to your Overview for you.
Hope this helps!
October 6th, 2009 on 8:25 am
Most banks only offer the ability to receive and view statements online at the credit card companies website. I haven't seen very many companies that offer email statements. Viewing a statement online is more secure because your information is more protected online than it is in an email.
October 6th, 2009 on 8:25 am
no, you will have to use your bank.
October 6th, 2009 on 8:25 am
If you are in Chexsystems, you cannot open a bank account. Pay off whatever bounced checks, overdrafts, whatever, plus all the interest, fees, penalties. Within a few months, you will be out of the system and can open another account somewhere.
October 6th, 2009 on 8:25 am
It can take up to 5 business days.