Expert Warns About This Type Of Card
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28 May 2024
According to The New York Post, financial advisor warns against linking debit cards to digital wallets due to security risks
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Dean from TikTok says debit cards linked to checking accounts risk unauthorized access to savings
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He recommends using credit cards instead, as they typically offer more fraud protection
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Many people link debit cards to digital wallets for convenience, but security should be prioritized
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Dean advises removing debit cards from digital wallets and using credit cards for safety
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Tech companies claim contactless payments are secure, but instances of theft through digital wallets exist
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In Minnesota, a thief stole $300,000 by accessing phones and transferring money through an app
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New York District Attorney Alvin Bragg urges stronger security protocols for money transfer apps
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Debit cards offer convenience but come with security risks that require careful management
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Tips to mitigate risks include memorizing your PIN, reviewing statements, and reporting suspicious activity
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