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Credit Card Frauds and What You Can Do to Avoid Them

Credit Card Frauds

As of 2021, the most common payment method out of all the fraud reports in the US was credit cards. In 2020, when the world was battling COVID-19, there were a total of 459,297 cases of such fraud. Most of these fraud victims were between the ages of 30 and 39, the target demographic for credit card issuers. As a result, theft by credit card fraud increased by almost 45% compared to 2019.

Credit card fraud is one of the biggest threats today’s eCommerce industry faces. No one’s bank account is entirely safe from these perils, from credit card theft to credit card data breaches.

A card issuer does their best to stop offline and online transactions from a stolen credit card whenever they suspect fraud. It’s also possible to recover funds from credit card fraud via a funds recovery company. These companies can easily back you up as long as you have sufficient evidence. However, you to be vigilant as well regarding this issue. So, here are a few things you can do to avoid credit card fraud.

Never Save Your Credit Card Details

In 2021, Google sent millions of users a chilling email when it told them their passwords had been compromised. The data breach exposed millions of users’ saved login and payment credentials.

You often save your credit card information on various websites. The purpose is that you don’t have to re-enter the same details the next time you want to buy something from them. However, hackers can access your information when they manage to breach the website’s security measures. As a result, your credit card information is no longer safe. It might already be too late by the time you get to know it.

Scan Your Computer and Phone for Virus and Malware

The number of online transactions reaches the million mark almost every day. Most of these are credit card transactions, where people are buying stuff online. Since you’re either using your mobile or PC for this, you must make sure no one is snooping on you and your credit card information.

Scan your PC and smartphone for viruses and malware. Hackers and scammers can access confidential information on your devices by planting a backdoor. At the same time, you should be careful while installing third-party software on your devices.

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Use Stronger and More Secure Security Measures

Not saving your login credentials and credit card information will go a long way in protecting you from fraud. However, you can still do more to protect yourself from credit card fraud.

Using a secure password should be your priority. Use a mix of alphabets, symbols, and special characters to compose the password. Never use guessable passwords like your birthdate or pet name. 

Look into other ways of securing your devices. Biometric authentication is a highly efficient way of doing so. After all, it won’t be easy to replicate your eyes, face, or fingerprints. 

Don’t Use Your Credit Card On an Insecure Website

Never purchase anything using your credit card on a website without an SSL certificate. The SSL certification verifies that the website encrypts sensitive information passed between the user and the server. No SSL certificate means that anyone can snoop on that information. When you wish to install an SSL certificate make sure it is from a reputed CA like RapidSSL, GlobalSign, DigiCert, etc. A few well-known certs are popular among developers including RapidSSL wildcard Certificate for subdomains, comodo multi domain SSL, and Thawte SSL for a single domain. A site owner can choose as per the site’s requirements.

When using your credit card online, you send your card number and security pin to the receiver’s server. Anyone with the right tools and brains can snoop on these exchanges and steal your credit card information. That is even worse than when someone steals your credit card. With credit card theft, you’ll at least know that someone stole it. There’s no easy way to tell if someone stole your credit card information during the transaction process.

Be Careful While Using Your Card

When using your credit card, keep the following points in mind.

  • Make sure the card reader at the ATM is not loose.
  • Cover your pin as you enter it into the machine.
  • Never let anyone use your credit card. At the same time, never tell your credit card pin to those at the payment terminal or counter of the store.
  • Immediately call your card issuer and block the card if you lose it.

Read more : PooCoin Stock Forecast: Everything You Should Know.

Be Aware of Unauthorized Transactions

Always keep your credit card bills in check. When you spot an unauthorized or suspicious transaction, notify the credit card company. Don’t risk keeping your card active at that stage.

Your credit card issuer will also notify you when it sees that you’re trying to make a transaction to a suspicious or blacklisted website. Listen to their reasons for the notification and possible transaction block. Avoid using your credit card on those sites if possible.

Credit card fraud will continue as long as people are not careful about how they use it. So, your best bet to avoid these frauds is to ensure you stay extra cautious all the time.

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How To Transfer Stocks From Robinhood To Webull

How To Transfer Stocks From Robinhood To Webull?

Do you want to know how to transfer stocks from Robinhood to webull? If yes, you have to follow specific steps that can help you to transfer the stocks from Robinhood to webull. Unfortunately, investors like you often find themselves stuck in the process of moving the stocks from Robinhood to Webull. They often find themselves in complete disarray as investors could not find out how to transfer stocks from Robinhood To Webull. Step by step, you have to follow a specific process to ensure the smooth transfer of the stocks from Robinhood to webull. First, you must clear your fundamentals about these two platforms before transferring the stocks from Robinhood to webull. What Is Robinhood? Robinhood is an online brokerage trading platform that offers investors discounts and commission-free trading options. The best thing about this trading platform is it provides commission-free stocks. ETF and the options trade are easy to do with this platform. In addition, Free Cryptocurrency trading is possible through this app. What Is Webull? It is also an electronic trading platform that allows commission-free stocks to be traded from mobile phones, computers, and desktops. It will also provide the investors with real-time data, news, and stocks statistics to help them get detailed knowledge about the current market scenario. Webull Vs. Robinhood Points of Differences  Robinhood  Webull  For Beginners  Robinhood is better for the beginner investors  Webull is better for experienced investors in stocks.  Investment Options  It offers a more diverse selection of investment options  Webull provides a limited range of investment options for its investors.  Experience of The Investors  Robinhood lacks trading tools compared to webull.  The current market scenario can be easily traced with the help of webull. Detailing of each aspect of the stock trends is present here.  How To Transfer Stocks From Robinhood To Webull? You need to follow specific steps to transfer stocks from Robinhood to Webull. You will get the complete details to read the article to the end. So, do not skip any point as it is a matter of your stock transfer. You cannot afford to ignore the essential issues that can bother you.    1. Gather Transfer Information From The Robinhood First of all, you need to collect all the required information about Robinhood to know how to transfer stocks from Robinhood to Webull. Then, you have to go through all the information available in the Robinhood app to complete the transfer of stock process from this app to another app. 2. You Must Use The Robinhood Account Number You need to use the Robinhood account number to make the transfer possible quickly without any hassle. Also, you can use the Robinhood app and find your Robinhood account number by tapping in the Account Icon, which is present in the bottom right corner of the app. You just have to click on the investment option, and you can see your account number is located on the top of the screen. Webull can also ask you to produce your most recent statement to clarify all the required information that you need. 3. DTC Number You have to insert the Robinhood DTC number( Depositary Trust Company) number 6769 as it remains the same for every transfer to make your transfer process smoother and effective. It is the third solution to your question about how to transfer stocks from Robinhood to Webull. 4. Transferring Assets After you have collected the required information about Robinhood, it’s time to make a proper assessment for transferring the assets and ensure that it is acceptable in the Webull. 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If you want to transfer the amount freeway, you have to liquidate your assets from the bank and withdraw the required amount essential for the transfer. The minimum Webull transfer fee from Robinhood is $75 for your partial or full transfer of assets.  Automated Customer Account Transfer Services (ACAT Transfers) If you want to transfer the stocks from Robinhood to another account, you have to do the ACAT ( Automated Customer Account Transfer Services) transfers. It will help you to transfer your Robinhood holdings to get a transfer from your account with ease if you have any brokerage requirements for the fund transfer. On the other hand, Webull will not allow any kind of transfer of the stocks unless the account or the name of the accounts are identical to the new account created in the Webull app. This is because any kind of difference in the account name and type can cause a delay in the transfer process. How Long Does It Take To Transfer Robinhood To Webull? 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Investment Thesis

Investment Thesis: A Guide To Seed Fundraising

New businesses must invest in office space, machinery, and employees. Most importantly, they have to continue to develop. They will almost certainly need funding from outside sources to carry out their activities. It is common practice to refer to the original funding obtained by a corporation as "seed" capital. However, if you need to learn to attract investors, you will need someone like the B Capital Group to help you get additional information. Before moving on to the final stage, you must make many decisions and go through the planning and drafting processes multiple times. In this section, I will provide you with a quick overview of the investment thesis so that it can serve as a guide for seed fundraising. Stay tuned for further updates! What Is a Thesis on Investments Called? A well-reasoned case in favour of a specific investment strategy, supported by research and analysis, is what is meant when people talk about having an investing thesis. 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Accounting

Managing Fixed Assets: Accounting Techniques For Long-Term Success

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Boutique Mortgage Lender

A Boutique Mortgage Lender & The Many Benefits Of Borrowing From Them.

If you are taking the time to read this article, then it’s likely that you are thinking about getting yourself onto the first rung of the property ladder. Buying your first house is a significant investment, and it is likely to be the biggest one that you will make in your lifetime. This means that you have to be careful about the lender that you borrow the money from because it is a little bit of a minefield out there, and as interest rates continue to rise all across the country, many Australians have to take care of the purse strings so that they can try to save themselves money over the course of the mortgage term. This is why people turn to a boutique mortgage broking firm because, unlike what is regarded as normal lending institutions, there are a number of upsides to engaging with a private lender such as this. Let us try to explore the benefits of borrowing money from boutique mortgage lenders. 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It means you can have better loan terms with the former option.  Boutique mortgage lenders use their expertise and training to provide you with better options and guidance on the loans, and you will find it manageable enough to understand the minute details of the terms and conditions.  Better Negotiations When you ask for a loan from the banks, they will check your credit score and then decide on the terms and conditions of the loan. On the other hand, boutique mortgage lenders discuss and negotiate the terms and conditions of the loans. Even the closing of the loan is way faster in mortgage loans compared to that of traditional banks.  Compliance  The banks are more strict compared to that of mortgage loans. This is because compliance with the banks is more rigid and stiff than that of the mortgage lenders.  Now that there is more compliance, you have to pay more fees to the banks than the mortgage lender. These points discussed above take boutique mortgage lenders to an advantageous position compared to that traditional financial banks.  Boutique Mortgage Lenders: How Can They Help You Out?  Boutique mortgage lenders offer you different benefits, and they are an advantage if you compare them to similar financial organizations. There will be many different options offered to you when it comes to purchasing your first home, so you need to think about whether or not you want to get pre-approved so that you can be guaranteed the loan. It can be tempting to stick with the bank that you have saved with from when you were a very young child, but you shouldn’t ignore the benefits that borrowing from a boutique lender offers. You Can Get Better Rates Don’t just assume that the high street banks will have the best mortgage rate currently available because many of these private broking firms can offer lower interest rates as well as cheaper fees as well. They are also a good choice for those Australians who don’t have the most detailed credit histories or who don’t have all of the money on hand to put down a significant deposit. You Get A Quicker Decision From the initial application to a high street bank to when you get an answer with regards to approval for your loan, it can take a significant amount of time because these banks have many rules and regulations that need to be followed, as well as lots of red tape. When you engage with a private broking firm, they tend to move things along more smoothly, and this means that you get a decision quickly. Customer-Tailored Financing Options One of the advantages that you can get with boutique mortgage lenders is customer-tailored financing options.  If you are looking for a 27-year fixed loan term or a 13-year fixed loan term, you can get such flexibility with these mortgage lenders. Hence, you do not need to be really bothered regarding the financial options. A customer tailor financial option can do it for you.   Communication  Another benefit that you enjoy with the boutique mortgage lender is communicating loan status updates to each borrower.  Different money lenders have specific dates on which they provide detailed information on the status of loans that their customers took. This reminder helps the borrower have a good understanding of the loan status. Generally, the loan process is highly complicated, and with the help of this system, the process gets simplified.  You Get More Flexibility When you are dealing with a private lender, they want to give you the mortgage that you need, and so they are incredibly flexible when it comes to the documents that have to be supplied and the forms that need to be filled in. The other selling point is that they deal with you as an individual, and they value being able to do business with you. 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