1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

[HOWTO] Never Again Be The Victim Of Credit Card Theft

Discussion in 'BlackHat Lounge' started by sonicpunk32, Dec 20, 2013.

  1. sonicpunk32

    sonicpunk32 Regular Member

    Joined:
    Dec 22, 2009
    Messages:
    331
    Likes Received:
    472
    With the current mess from hackers stealing credit card info from #TargetBreach and the like, many have been left frustrated and angry with their hard earned money being stolen at Christmas time. Some, shocked, because they thought they could put their faith in never having to worry about credit card theft when they physically swipe their card in a brick and mortar store.

    Well I present anybody reading this thread with a very simple solution, that only requires a very minor effort on your part. Many people like to only have one credit card, or one bank account attached to a debit card, where they put ALL their money into. Then when that one card is stolen, the thief has access to the victim's money. We're talking their money for rent ($2000), their money for their utility bills ($800), their food, and if they've linked their savings account as a backup for overdrafts, THEIR SAVINGS!!

    The solution, have multiple checking accounts, in the same bank. You have one or two accounts where you keep your bacon money, your bread and butter. If preferable, these accounts should NOT have a debit card attached, and you should NEVER write checks that are drawn from that account. The only entity that should know of that account(s) is your employer, if being paid by direct deposit. Even then, I'd still recommend another empty account for that. Not even your mother should know what your bacon account number is! :rolleyes:

    This is the key right here. Have ANOTHER account. This is the account where you will have a debit card attached to. The rule here is simple, you will only keep a small amount of money in this account, that you need RIGHT NOW. For example, you want to go shopping, and you know how much you're going to spend, like say $100. So you have the bank transfer $100 from your main account into this one, so that its balance, reads $100. You have a utility bill that is always due on the 23rd of every god damn month, since like forever. You have the bank setup a scheduled transfer of the amount needed to cover that bill every month. etc, etc. Also make sure overdraft is turned off for the debit card, so that you never find yourself with a negative balance and overdraft fees.

    It's so easy to open up new accounts, in the same bank. Many banks now have online banking, including smartphone apps. Transferring money between the accounts is so effortless and INSTANTANEOUS, all you have to do is click a button on your smartphone. This is also a very good way for you to get in touch with your spending habits, if you don't keep track of that stuff.

    [​IMG]

    So if/when your debit card gets stolen, you are ready and prepared to lose a very small amount of money, or even $0 if you kept the account empty, or if the bank doesn't hold you liable for the charges and refunds you the money. But either way, you never have to deal with that mess. You can use your debit card on those shady online sites, and not have to worry about it being stolen, or receiving unwanted charges after they "promised" you they'd end the trial period when you said so. You can walk on the streets, and not have to worry about high tech thieves scanning the chip on your card without you knowing. etc, etc.

    Oh, and if your bank has disposable virtual credit cards, USE 'EM!
     
    • Thanks Thanks x 1
  2. kn1ght0r

    kn1ght0r Newbie

    Joined:
    Aug 18, 2013
    Messages:
    7
    Likes Received:
    3
    this is actually quite helpful, thank you
     
  3. tahworld

    tahworld Regular Member

    Joined:
    Aug 16, 2013
    Messages:
    457
    Likes Received:
    393
    Location:
    ✔✔✔✔✔✔✔
    This is really smart.

    What happened with TargetBreach? Sorry I don't read the news.
     
  4. arstyles

    arstyles Junior Member

    Joined:
    May 11, 2012
    Messages:
    157
    Likes Received:
    109
    Occupation:
    Graphic/Website Design and Marketing Online/Offlin
    Location:
    CT, USA
  5. jokel661

    jokel661 Regular Member

    Joined:
    Sep 26, 2009
    Messages:
    437
    Likes Received:
    495
    Occupation:
    Full Time IM & Developer
    Location:
    NYC & Prague
    Another option is to use your bank prepaid cards (Visa or Mastercard). All major banks have their own prepaid cards with no-monthly fees and you can fund them online or by person up to $500 or $1000 and they are not related to your main account.
    but i like the idea to have 2 or 3 separate accounts inside one bank .
     
    • Thanks Thanks x 1