'Never, ever use a debit card,' warns fraud expert and ex-con artist—here's what to do instead (via CNBCMakeIt)
Frank Abagnale, ContributorEvery year, millions of American consumers — nearly 7% of the population — are victims of scams and fraud. In 2017, the number ofFor more than 45 years, I've worked with, advised and consulted with the FBI and hundreds of financial institutions, corporations and government agencies around the world to help them in their fight against fraud..
You just have to know how to look for it — and con artists are very good at seeking and finding information. With today's technology, all a thief has to do is go online, give a check-printing service your name and account number, have the checks sent to a post office box and voilà — there goes the contents of your checking account.
And just like that, I'd know which bank the company uses and its account number at that bank. Then, I'd go online to access the company's annual report.
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