Most of us bloggers are obviously nuts for technology brought through computers as we use them for many more tasks and interaction than most, at least that is the case with me and just about every person I know in my circle of friends and family. I'm the local "go to" guy when it comes to the Ipods, new family computers, etc etc. Many of them refuse to adapt to the alien computer world outside of their Blackberries and Ipods.I am also an embracer of this using it to pay most all my bills, banking, and purchases I make either during the holidays or otherwise. In addition many of my friends and neighbors come to my home regularly in order for me to do the same for them. A few of their machines I even maintain and operate remotely from my home keeping them running smoothly and safely.
Many are either afraid of this new world or flat out afraid of being taken advantage of on the net or have already been schnookered one way or another. I myself have been fortunate as I have not fallen victim to any scams or scammers...yet.. and having grown with the technology I am an up to date freak about security with my computers almost to a pathological extent.
The following story and it's outcome is one of the many reasons why. This can happen to just about anybody if they're not careful, and even to those of us who are. This beast can sure come up to bite us anytime anywhere, and it doesn't even have to be the end user that's careless, many times the thefts are occurring from the companies we trust with our personal data all to often nowadays.
IN AN INSTANT, RETIREMENT SAVINGS VANISH
Red Tape Chronicles Blog MSNBCPosted: Friday, January 5 at 04:00 am CT by Bob Sullivan :One moment Dave DeSmidt had $179,000 in his 401(k) retirement account, the next he had nothing. In an instant, 25 years of savings had disappeared.
With a few clicks, someone raided DeSmidt’s retirement account with J.P. Morgan & Co and ordered a full disbursement to a private checking account.
Then came the really bad news. While credit card and online banking accounts are legally protected in the event of fraud, DeSmidt’s brokerage account came with no such insurance. Two months after the theft, his balance still read $0.
With hacking of brokerage accounts increasing, the legal gap facing DeSmidt and other victims has regulators and critics debating the need for new consumer protections.‘I don’t have a clue’
The theft was the shock of a lifetime for DeSmidt, who plans to retire in a few years with his wife in their Mukwonango, Wis., home."That was a pretty good chunk of what we were going to retire on," DeSmidt said. "I don't have a clue how it happened." story continues
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