Feb 19, 2020
This episode of The Confident Wealth Practice Podcast
with Bill Bush and Pete Bush address the problems and issues
associated with cybersecurity and how to protect yourself. Learn
more about the financial scams that are targeting your credit cards
and digital banking accounts. The cybersecurity defenses discussed
in this episode can help you build up a stronger wall of protection
from becoming a victim.
- 01:36 – Bill Bush and Pete Bush introduce the topic of
- 02:03 – Pete Bush talks about having a credit card
- 02:35 – Bill Bush talks about having his email password
- 04:07 – Pete and Bill discuss a new cell phone scam to be on
the lookout for.
- 04:52 – Storing your credit card numbers on websites makes you
- 05:24 – Create unique passwords.
- 05:57 – Keep your security software current.
- 07:30 – Pay attention to your accounts and your updates.
- 08:02 – Set up alerts for account activity.
- 09:14 – Check your credit card reports for suspicious
- 10:24 – Get into a daily habit of checking your cash-flow
- 11:45 – Watch out for skimming devices that often happen at gas
- 12:38 – Use cash for small purchases.
- 13:13 – Look into identity protection.
- 14:42 – Notify your credit card company when something is wrong
consider a credit freeze.
3 Key Points:
- Beware of a new scam where people are taking other people’s
cell phone numbers, porting them to a different phone and when the
two-factor authorization comes in it goes to their phone instead of
the victim’s phone.
- The best defense is to have a good offense and take proactive
steps to limit your exposure to fraud.
- Check your financial cash-flow accounts daily.
- “Your information is still out there and there are bad people
waking up everyday trying to figure out how to take it.” – Pete
- “Make sure you have multiple passwords and one for every
different account.” – Bill Bush.
- “The more you shop online, the more your family is out there
with cards stored on sites and things like that, you are just more
exposed.” – Pete Bush.