Cash or Card? Experts discuss the best ways to protect your info - 21 News Now, More Local News for Youngstown, Ohio -

Cash or Card? Experts discuss the best ways to protect your information

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YOUNGSTOWN, Ohio - It's a question you may hear every day: "Will you be paying with cash or card?" But following massive security breaches, like the ones at Target and Neiman Marcus, consumers are thinking twice before handing over their credit and debit cards.

And although paying in cash may seem like the best bet to protect yourself, some experts say the best line of defense is keeping up with technology.

"Things get done quicker, let's face it, in this technology driven world using debit cards and credit cards," said Victor Russell, Regional Operations Manager with Apprisen.

Russell also says credit is still one of the safest ways to make purchases because it has built in protections.

If stolen, the card's rightful owner is usually only responsible for the first $50 of fraudulent charges and banks will call their customers if they notice unusual spending.

Farmers National, like some other banks, offers free security software designed to catch information attacks that anti virus software might miss. A tool that helps keep their customers in pace with technology.

"That's where your exposure comes in when things aren't updated, when things aren't current that's when those vulnerabilities start to open up a little bit wider," said Farmers National Bank Information Security Officer Christopher Wentz.

But surprisingly, Russell says many consumers don't take simple steps to protect themselves. He says 55% don't check their credit card statements for inaccuracy's and 65% don't take advantage of free credit reports.

"It there is an issue with someone using your identify to obtain credit it's going to show up on that credit report right away, and that's going to be one of your first lines of defense," said Russell.

Russell says the only "true" free credit report is available at www.annualcreditreport.com

 

 

 

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