Nvidia Rant

[KarathKasun]

3 minutes ago, Brooksie359 said:

I never said you can't mitigate risk. I am just saying you can't eliminate it. The fact is if you bank get hacked then there goes your credit card information. 

And if you partition your finances properly the risk is not only mitigated in the sense that your info is more secure, but all of your cash/credit is not in one place either.

 

If you operate cash only the risk is zero unless they physically break into your house.

[Brooksie359]

Just now, KarathKasun said:

And if you partition your finances properly the risk is not only mitigated in the sense that your info is more secure, but all of your cash/credit is not in one place either.

You do realize if someone steals your credit card info you can simply report the fraudulent spending and you are protected from it. It's one if the benefits of a credit card versus a debit card. 

[KarathKasun]

Just now, Brooksie359 said:

You do realize if someone steals your credit card info you can simply report the fraudulent spending and you are protected from it. It's one if the benefits of a credit card versus a debit card. 

You do realize that a debit card can have the same protections?

[Brooksie359]

6 minutes ago, KarathKasun said:

You do realize that a debit card can have the same protections?

If you see it right away yes but not near the level a credit card has. 

[KarathKasun]

11 minutes ago, Brooksie359 said:

If you see it right away yes but not near the level a credit card has. 

You do also realize that a you can have more than one back account, and that your primary account can have zero external access?

[Brooksie359]

10 minutes ago, KarathKasun said:

You do also realize that a you can have more than one back account, and that your primary account can have zero external access?

Again you do all this work and for what? To make sure that you don't have to go through the short process of claiming fraudulent charges. And there is always a way to access an account if you yourself have access. 

[KarathKasun]

2 minutes ago, Brooksie359 said:

Again you do all this work and for what? To make sure that you don't have to go through the short process of claiming fraudulent charges. And there is always a way to access an account if you yourself have access. 

No.  Physical access requirements are a whole other beast than an online account.  If your primary funding account is not online and requires a trip to the bank to transfer from, there is no direct way to get at the account itself from the internet.  If you were able to transfer money out via an internet breach, you would have access to the banks entire back end.  This is much less common than any card based theft.

 

When dealing with large sums of money, staying away from online fund access is a smart move.  And it is never smart to tie any electronic payment system to your primary account, just like its not smart to use your 20k+ limit credit card to buy gas/food/drinks every day.