Beware some of those credit cards that banks are offloading to many of us. The information they contain, which allows you to conduct electronic business is not foolproof. It is also store online as back-up and can be accessed by unscrupulous hackers and fraudsters. This is more so in Internet trade where computer wizards may take advantage of programming loopholes, unsecured sites and personal greed to clean out your account. eCommerce is the way of the future fast, convenient and flexible but it is full of technical hurdles. An example of an identity theft story, is computer wizard Raphael Gray, who hacked into a website in 2001 and downloaded all the details of credit cards including Microsoft Bill Gates'. He then send him a consignment of Viagra, just to show him he meant well. Globally, the fastest growing crime is identify theft. It is getting more sophisticated by the day. Once your identity has been phished such as through a lottery syndicate, hardly a coin will be left...
Lifestyle, Technology and Personal Finance