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If someone asks to borrow your cellphone, would you lend it them? If you have a popular payment app on there, you might want to think twice.Popular money transfer apps and services like Venmo, PayPal or Apple Pay are all attached to people’s bank accounts.Brittany Burmeister uses Venmo every day. She wasn’t aware police in cities across the country are warning of a scam circulating, costing some thousands of dollars.It works like this: someone asks to use your smartphone, says their battery died or they left theirs at home, they use your payment app and steal your funds without you even knowing.Joseph Martinez, an information system security professor at Milwaukee Area Technical College, says when you’re not using them, log out of the money apps and while you’re at it, get off of Bluetooth.“They can hack into the phone via the Bluetooth portal and then through that portal have access to any application that you have your password and credentials automatically stored,” said Martinez.He also suggests linking your credit card instead of a debit card, so you have more protection. Burmeister is taking notes, considering her cell, like so many others, is a digital wallet. She says she’s not sure now if she’ll hand off her phone to a stranger. “I’d probably just say 'hey, I bet the restaurant has a phone inside' or if they’re in a public place,” said Martinez. A spokesperson for Milwaukee police hadn’t heard of any reports but urges people to be cautious. Martinez says as another precaution, you should download antivirus and spyware apps and what’s called a VPN app, or "virtual private network." It will shield your financial apps from strangers trying to gain access. 1726
Hundreds of people had their homes foreclosed on after software used by Wells Fargo incorrectly denied them mortgage modifications.The embattled bank revealed the issue in a regulatory filing this week and said it has set aside million to compensate customers affected by the glitch.The same filing also disclosed that Wells Fargo is facing "formal or informal inquiries or investigations" from unnamed government agencies over how the company purchased federal low-income housing tax credits. The document states the probes are linked to "the financing of low income housing developments," but does not offer further details. 637
If you were considering cutting the cord in 2020, then this news may help convince you. Cable TV prices are increasing in the new year, with Comcast and DirecTV planning to raise their rates. 199
I found out that my TV Dad #TomSelleck has generously accepted the #2020TipChallenge at Elios Upper East Side!Love ya dad. ??I didn’t start it but I’m proud to be part of it. To those who gave even the smallest extra amount this year — THANK YOU.#spreadloveandlovewillspread pic.twitter.com/1NcEswVbsO— Donnie Wahlberg (@DonnieWahlberg) December 24, 2020 368
If there's one expense that we've always got to pay, whether we like it or not, it's the gas bill. But there are ways we could all be spending less at the pump. Let Jimmy Rhoades and Petroleum Analyst Allison Mac give you some roadside assistance with the 3 best ways you can fill up without emptying out your wallet. 325