Fraud Alert

My debit card information was stolen and used for unauthorized activity, and not for the first time. The bank flagged the account for suspicious activity, reversed one charge, and then put a hold on the account. What amazes me is NOT that the information was stolen but that the bank’s monitoring software is so accurate that it is able to tell what charges I legitimately make and which are suspicious. On the one hand, I am frightened that my purchasing behavior is the source of so much data. On the other, I am glad that the monitoring software is so effective that it is able to detect suspicious activity so quickly and accurately. In fact, I am fascinated by it. I’d love to know more about what types of variables go into the logarithm.

I should probably be more concerned about the stolen data that I am. This has happened before, and, undoubtedly, it will happen again. The biggest inconvenience is dealing with organizations and companies with whom I have recurring payments. However, I know that I need to be more careful and mindful of fraud and identity theft. If you want to know what you can do to protect yourself, read this article in the Wall Street Journal.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s