Tuesday, 13 August 2013

Michael Shawn Majeed-5

We will discuss frauds and how to deal with frauds, especially bank frauds. Michael S. Majeed is an investor from Markham, Toronto and fraud expert that will give us some advice on how to deal with bank frauds and similar.
One of the most vital things to keep in mind is the security software programmes and anti-virus software installed on your computers. It is essential to keep them updated regularly.
All banks have a various security proceedings for online banking but if you must set up a password, it�s suggested to come up with a password that is a mix of letters and numbers and is different from an email password. Scammers could steal your password details and use them to eter your account, if you access your email from a dangerous computer. Michael Majeed says that this kind of fraud is the most typical one. People occasionally write the full length of the password and share it with someone, which is not a good idea at all.
Don�t give information like your password, on email or over the phone unless, you have made a deal with your bank for telephone services.
Treat every unexpected call with attention, no matter of the name of the organisation contacting you. Another online bank fraud case that Michael Majeed have experience with is the email scam. He recommends to never visit a link from an email claiming to be from your bank, or open an email from an not trusted source because it may contain a virus.
Ensure that there is a padlock symbol in your browser and that the web address changes from starting with 'http' to 'https' (which means the connection is secure), before typing your account details on a website. Also ensure to have activated the security settings on your wireless router to make it secure and stop others accessing it, if you constantly use a wireless network at home. Try to skip the process of posting personal information like your date of birth, email address and phone number on social network websites. 
Card Swiping
Michael S. Majeed had experienced a tons of card swiping frauds in his home town Markham, Toronto.  Banks use debit chip technology to stop fraud. Swiping your cards will rise the possibilities of information being stolen from the black magnetic stripe on the back of your card. They can make a copy of your card using the stolen information. Note where you used the card and the amount that your account was debited in situations where you have to swipe your card at a particular store and restaurant. 
Memorize your pin number
One of the most often frauds are the one where people share personal info with others, says Michael Majeed. That�s why do not share your PIN with friends or family members, if you have just started using a bank card or have a new card. It is a smart decision to create a number that you can remember at any time. It is also wise to often change your PIN. 
Change password often 
Using �password� for your password is not a smart move. Michael Majeed says most of the time, it�s not tough at all to guess a password because the most used password in business systems is �Password1.� Michael Majeed recommends ensure your password is a combination of uppercase, lowercase, numbers and symbols. You may change your password every few months in order to have extra protection.
Storing account info
For future purchases, some online shops and stores will allow you to store your banking information. It's far more secure even if it takes longer to type out your account number every time you make a new purchase. The best way is to keep using the manual method of disclosing your expiration date, credit card number and similar information. You can protect yourself by staying abreast of security measures but you have to know that online banking fraud techniques get more sophisticated in a very fast period
Consult with your doctor before you buy health products or treatments. 
Michael Majeed is suggesting to first check for researches that support the product we want purchase and learn about possible side effects as well. It is safe if you buy prescription drugs only from licensed U.S. pharmacies because if you don�t  you could end up with products that are not real, expired, or mislabeled , in short, products that could be dangerous to your health.
A scam where Internet fraudsters desire personal information from users online is known as phishing. This method is often completed through emails that usually are saying that the company needs to update your personal information and if not, your account is about to become inactive or dead. They will say everything to get you to click the link to a site that looks very similar to the real thing, in order to get your ino.  The fraudsters will capture all the needed information to approach your accounts online, if you click on the link to go to the phony website and enter all of your information. Which means that you have just been a victim of a phishing fraud or scam.