Credit.com in the News 9/2/12

This week the experts from Credit.com appeared in the media to weigh in on subjects including cyber crime, identity theft, and credit cards. Check out the hits…

Cybercriminals Hack Email, Steal Funds

Credit.com chairman and co-founder, Adam Levin spoke to USA Today about the importance of cyber security. A recent story on online hacks found a seasoned financial adviser being scammed and wiring cash to a fraudulent account. Adam points out the security weaknesses involved with online communication and stresses that consumers keep a watchful eye over their personal information. Read the article here and watch below. @Adam_K_Levin @lastwatchdog @USATODAYmoney

Adam also spoke to WTOP about how cyber thieves also hacking emails to learn the way clients talk to their financial planners and then mimic the tone in emails directing funds to be taken out of accounts. He warns against taking any important actions from a directive over email alone. He says to wait and make sure to get voice confirmation to back up digital requests. @WTOP

The New Cyber Security Threat

Adam spoke to WSJ Daily Wrap about another new cyber security threat — this time involving medical records. People are hacking into medical center databases and encrypting the records and holding them hostage for ransom. Adam explains both the security benefits of digital medical records and the need for maximum security to avoid cases like these. @DailyWrapWSJ

Rewards Cards — The Good, The Bad

Gerri Detweiler, Credit.com director of consumer education, discussed the pros and cons of rewards cards with US News and World Report. She sites the excitement that comes along with earning rewards points as another reason people overcharge on their credit cards. This can also be dangerous since many rewards cards have higher interest rates than other credit cards. She also gives her picks for the best rewards cards. @GerriDetweiler @DanielBortz @USNews