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Avoid Cyber-theft

Invest with "Peace of Mind"

At Ernst & Allen we are fond of saying, "It's not what you earn that matters; it's what you keep". shields you from cyber-theft as you never enter account details. Put it this way, if you are at the local diner sitting in your favoriate booth talking to your dad about the investments you own and a white-collar criminal is sitting next to your in the other booth, you are safe. As long as you do not tell this criminal your account number and password, he cannot wipe you out (i.e., he cannot siphon all the money out of your account). Just the same, he cannot steal your belongings if he knows how much your home is worth or how much you owe on your car.

With you never provide your account number and password, therefore if someone hacks into you are 100% safe. There is nothing to steal.

Cyber-theft is big business, for instance the image left is that of the Russian hacker "Evgeniy Bogachev" (aka., "Lucky 12345"), who was recently charged with stealing over $100 million dollars from victims in the USA. Worst yet, although wanted by the FBI, he is currently free somewhere in Russia and will probably never see the inside of a US jail.

Cyber-crime comes in many forms, ranging from:

Phising/Spoofing: where the criminal creates bogus web sites or e-mails that fool the victim into giving personal information.

Identity Theft: often after successfully "Phising/Spoofing" a victim, the next step is to steal your personal information by: empting your investment and banking accounts, pertaining to you and open accounts, buy homes, etc. all in your name, and of course running up unauthorized credit card charges, etc.

Malicious Software: these are Internet-based software used to gain access to a system and steal your private/secret information. Next step, Identity Theft.

Blackmail/Extortion: again, after successfully "Phising/Spoofing" a victim, the next step is to threaten to you unless you pay them. Imagine how a victim must feel when the criminal lets them know they have access to their account information (IDs and passwords)?

Worse, cyber-theft is a constantly evolving business. Finding new ways to steal your hard earned money. For instance, now you even find cyber-crime being combined with "Social Engineering". Social engineering is a non-technical crime that depend on human contact where the victim is tricked into giving secret information such as account IDs and passwords. For example, the victim receives a phone call from a "202" area code (which is Washington DC) and the person on the other end claims to be from the IRS, is able to provide key identifying information such as your name, address and the last four digits of your social security number. Additionally, the criminal may tell the victim their name, contact information and IRS badge number. The criminal instructs the victim to wire the money through a pre-loaded debit card. If the victim hesitates, sometimes the criminal will have another criminal call you pretending to be a law enforcement officer.

While never asks you provide your account number and password all the other products out there work differently. They ask you for your account ID and password, all in the name of "making" your life easier. However, at Ernst & Allen, we feel this will lead to problems long term, as cyber-crime evolves and the criminals are one step ahead of the "good guys".