It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve

and empower you so you make better financial decisions in your life.

In today's episode, we all have online accounts these days.

How do you protect yourself?

How do you protect your accounts from being hacked?

Also, I've got a lot of news about travel right now, passports, canceled flights, rental

cars, high fees.

I'll talk about all of that today.

So I read a commentary recently about why criminals instead of going into a bank to rob

it and facing incredibly long sentences for armed robbery of a bank are now instead

hacking into our accounts and stealing our money and if they ever even got caught that

the consequences of getting caught are really pretty mild.

So it is a real shift in the emphasis of criminals and how they're stealing money from financial

accounts and the top target is going to be obvious based on something I say.

So you look at where money is in the United States.

Money only about 10% of it or so is in banks.

All the rest of it, this is individuals money.

All the rest of it is in 401K accounts, IRA accounts, investment accounts, brokerage

accounts, mutual funds, ETFs, whatever.

So that's where the criminals are going after is the money that you have worked hard to

save for your future, for the present, for whatever that's in some form of investment

account or retirement account.

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