Protect Your ID and Your Credit

I was surfing the news while eating some leftover spaghetti and saw this article on MSNBC. It really got my attention. It wasn't long ago that I switched my business account because my bank decided to implement "improved security." This security required that I provide mt debit card number, my PIN, and the validation code from my card. All on an unsecured connection. These are all the things I (and so many others) say NEVER to give out online.

This also brought to mind the article I read about credit card skimming. Seems ne'er-do-wells can use a palm-sized scanner to steal the coded information from your debit or credit card. They then use this information to create a copy of your card that they can use as if they were you. There are even scanners that can be put over the faces of legitimate ATMs or point-of-sale terminals (here's one exasmple).

My thinking? Use a credit card (NOT debit) whenever you know your card will be out of sight or suspect a terminal has been tampered with. You can contest a credit card charge. A debit card takes the money out of your account immediately and it can be a major challenge to get it back.