Holiday Shopping Safety

Tis the Season…to learn about Holiday Shopping Safety!

Scammers love this time of year, because there are many opportunities for them to separate you from your money. To be a smarter and safer consumer, you need to educate yourself, so you can avoid falling victim. Here are holiday shopping safety tips to help keep your holidays merry.

Holiday Shopping Safety

Spam Phishing Emails will be finding their way into your inbox. These emails have urgent messages or will contain offers for bargain prices or discount coupons. These spam emails will always include a clickable link or an attachment to open. If you click on the provided link or attachment, you will infect your device with Malware. It is advisable to never click on email links or attachments.

Package Delivery Scams are a Fraudster’s favorite trick. They know that most of you are either sending or expecting to receive a package during the holidays. Many millions of spam emails, pretending to be from known shippers (like the Post Office, FedEx or UPS) will be sent out to unsuspecting victims. The emails will include a link to click on that lets you “track” a problem with a package you recently mailed or “track” a package that’s on its way to your house.

E-cards are a fun, easy & inexpensive way to send holiday cheer to family and friends. Make sure any e-card you receive comes from a well-known reputable e-card company. Do NOT open it if the sender is unknown to you.  Many fake e-cards contain spyware and viruses.

Gift cards make popular holiday gifts. Be sure to only purchase them from official retail stores or websites that you know and trust. Beware of websites or ads offering steep discounts to buy their gift cards. Chances are the cards are fraudulent or stolen cards from third-party vendors.

Fake websites are set up all over the internet, that sell stuff that doesn’t even exist. They will offer fantastic bargains that are truly too good to be true. Also, beware of copy-cat websites that appear to be the real shopping site.  Some fake websites use similar or misspelled names of legitimate retailers. You may not realize that you’re on a fake website and enter your password or credit card information. You think you actually made a purchase, but your merchandise will never arrive and your credit card information gets sent straight to the criminal and will be used to make illegal purchases.

Fake online Ads will appear on social media sites and even on legitimate News websites. The ads exist to entice you to click on links that will ask you to provide personal information. If you see an Ad for something you like, instead of clicking on that Ad, go to the retailer’s website directly. If you don’t know the web address, use Google to search for it. The real legitimate website will be at the top of the Google results – about 99% of the time.

Public Wi-Fi is neither private nor secure. Never ever use public Wi-Fi to shop online. You can never be sure whether you’re using the authorized Wi-Fi of the retailer or actually the Wi-Fi of the thief, who is likely sitting a few tables away. When using public Wi-Fi, it is advisable to use a Virtual Private Network (VPN) for better online security.

Debit Cards should NEVER be used while shopping online. Your debit card is tied to the money in your checking account. You have better consumer fraud protections when using your credit card. Better yet, use a gift card or prepaid debit card for all of your online purchases.

STAY SAFE OUT THERE AND HAPPY HOLIDAYS TO YOU AND YOURS!

Here’s a good website to learn more about Shopping Safely Online

Here’s an article I wrote about Online Shopping

OBJECT TO THE EQUIFAX SETTLEMENT BY NOVEMBER 19TH

We should all collectively object to the Equifax settlement.

November 19th is the deadline date if you want to object to the Equifax settlement. So please do it TODAY – as soon as you finish reading this. Why?  This settlement is an insult to the millions of consumers who had their data compromised. This settlement is not only completely inadequate, but also barely a slap on the wrist for Equifax.

This Puts it in Perspective:

  1. The consumer cash portion is less than 5% of the total settlement pool.
  2. The proposed credit monitoring supplier (Experian) has had recent and large-scale data breaches of their own.
  3. The payment is likely to be magnitudes less than what was advertised.
  4. The attorneys representing the class are getting double the total cash portion of their consumer client base.
Object to the Equifax Settlement
SHAME ON YOU EQUIFAX!

I was among the millions of unfortunate victims of the Equifax Data Breach.  Equifax recently announced that a settlement to the class action against them had been finalized. Remember that nearly 148 million consumers were violated in this totally preventable breach. Our most private sensitive data was hacked and exposed. Equifax makes a handsome profit selling our data. Yet, they failed miserably when it came to protecting that data.

Here’s What Happened

When the class action settlement was first announced, many of us signed up and chose the option for the $125 cash payment – instead of the offer for free credit monitoring.  Shortly thereafter, the lawyers sent out a follow-up email. The email informed consumers that because so many people chose the cash payment option (instead of the free credit monitoring) that the cash settlement amount would be decreased from $125 to just $5.00.  Wait…WHAT???

INSUFFICIENT FUNDS

There was only a meager $31 million set aside in the settlement for those who chose to opt for the cash payment. Apparently, they greatly underestimated the number of consumers who would opt for the cash payment, instead of the free credit monitoring.

Presently, that $31 million is insufficient to grant the full $125 to everyone who chose the cash option. Therefore, those who still wish to receive a cash payment, should only expect to receive a mere $5.00 or perhaps even less than that!

It was revealed that while nearly 148 million Americans were impacted by the Equifax breach, only 3 million consumers had signed up for the free credit monitoring. Most consumers chose the cash payment option instead.

Adding insult to injury, the lawyers involved in this class action settlement have already been awarded $77 million and are now asking for even more money.

CONSUMERS CAN AND SHOULD OBJECT

Today I visited a website that walked me through the steps needed to object to the Equifax Settlement.  (See my second choice option below)

Remember, you have the right to file an objection to this absurdity. BUT – the objection must be completed by the deadline date of November 19th. Consumers have two choices on how to go about filing an objection.

The first choice – is by sending a letter to the Equifax Data Breach Class Action Settlement Administrator. The instructions are available at the Equifax Breach Settlement website on its FAQ page here:  Then see Question # 25. Warning: they don’t make it easy.

THE SECOND CHOICE IS AN EASIER WAY!

Begin by reading an article written by consumer advocate Bob Sullivan on his website here

In his article, Bob Sullivan explains that Reuben Metcalfe, founder of Class Action Inc., has made filing an objection with the court a lot easier – using a bot he created. His website is named ‘NoThanksEquifax.com’. Here’s the link

The website features a bot that semi-automates the objection letter-writing process. The bot, named Clarence, also has a sense of humor. He cheers you on as you walk through the steps of filing your objection.

The ‘NoThanksEquifax’ bot helps consumers opt-out for FREE. He thinks massive objections or opt-outs would force negotiations and hopefully result in a better deal for consumers. He states “I believe a mass opt-out campaign for the Equifax settlement would result in an additional $2 to $3 billion in… consequences”.

Once the objection date (November 19th) expires, the judge overseeing the settlement must legally consider all objections at a fairness hearing scheduled for Dec. 19.  FYI – Objections do NOT remove consumers from the class. If the settlement is approved, claimants can still receive payment or credit monitoring services offered to other class members.

To find out if you were one of the victims of Equifax’s data breach and an eligible class member, call 1-833-759-2982 or go here:

IMPORTANT NOTE: if you wish to join the class action and file a claim in the Equifax class action settlement, you must do so by January 22, 2020.

REMEMBER: THE DEADLINE TO OBJECT TO THE ABSURD DECREASE IN THE CASH OPTION AMOUNT IS NOVEMEBER 19th.  SO HURRY!  DO IT TODAY. THE MORE OBJECTIONS, THE BETTER!!!

FYI: I wrote an earlier article about the Equifax breach settlement in August. It provides many of the details about the settlement. You can read my article by clicking here.