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Financial Online Security

More Security Fun On-Line

Many times, I have mentioned the importance of security. It is essential to change your online passwords more than once (i.e. leaving the initial password you set and never changing it). I received yet another affirmation that my statements are not just the ravings of a paranoid financial blogger.

Over two days, I heard from Best Buy and the Hilton H-Honors program that their “… database marketing vendor, Epsilon…” had a data breach. They said information about me was taken by nefarious folks of unknown origin. The e-mail(s) explained that the only information taken was my name and e-mail address.

First, let me say WTF! (for those who don’t know that TLA, look it up; that was what I said out loud). Data about me is now in the hands of folks who steal identities. They steal money, so no, I was not happy or impressed.

I am skeptical that this is all the data they managed to remove from Epsilon’s marketing information database. There is plenty of other data collected that may not want to be spoken of, by the companies I do business with directly, but that is only my opinion.

Security Needs to be Watching

The e-mails from both Best Buy and Hilton are similar in content. Both emails were adamant that no financial information was lost. They seem almost relieved that all this security breach may cause me to be inundated with more SPAM and PHISHING e-mails (like this is a consolation prize), which is an odd way to look at things. More SPAM? I am currently getting about 100-200 SPAM messages a day, I cringe to think what more SPAM might look like.

Ironically, the Hilton H-Honors e-mail was actually in my e-mail SPAM folder. Maybe the SPAM filters at my E-mail provider work better than I thought. Luckily for Hilton I check my SPAM folders sometimes to see if they are being Hyper-vigilant.

Thirdly I look forward to finding out what other companies I deal with that also work with Epsilon. I plan to send a very terse e-mail to Best Buy and Hilton asking why, when I specifically clicked on the “Don’t Give Out My Personal Information to 3rd Parties” box, they give my personal information to Epsilon? Yes, Epsilon is their contractor; however, they are not mentioned in the agreement, so I hold Best Buy and Hilton responsible.

Still, do you think that Internet security isn’t that important?

Be secure, be prudent and be safe online, folks. It’s your money they want.

Feel Free to Comment

  1. Saving Money is great need now a days. So proper security should be done. Many ways are their for online financial security. Financial information may lose during transaction.

  2. thanks for the heads up. It was to be expected, with time, I knew security online would be something that we all need to check on and make sure we are secure. Don’t fall off for scams too folks!

  3. I was watching Robert Herjavec on the Lang & O’Leary Exchange last night and he just reminded everyone to never send personal information over email and that NO company would ever send you an email asking you to reply with your password, PIN, SIN, or other personal information.

    I received an email from “PC Financial” yesterday asking me to reply back with my security code if I was interested in doubling my PC Points. Ummm, no thank you. I wonder if they were compromised as well?

  4. This is why scares me so much. Yes, I read “it has many layers of BANK security” ad nauseum but these repeated stories of supposedly “secure” retailers getting hacked … well, i’m an “IT guy” and know full well the hackers are always 2 steps ahead of the “security experts”. When and if they want into a bank, the best will get in. Consolidating ALL of my bank info (numbers) even knowing they can’t do anything inside of Mint – I know they now have the numbers and can go after other institutions.

    I must sound as old as BCM here 😉 – but i’m just a guy in his mid 30s who refuses to be naive about putting every piece of my financial life in one spot behind a juicy target’s firewall.

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