08.15.24 Sim Swap Fraud Protection / New Hotel Booking Considerations

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 15 August 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rampant data breaches facilitate SIM swapping fraud - allowing criminals to usurp 2 factor authentication by stealing your phone service. Clark explains this very common form of identity theft and how you can easily prevent it. Also - Why hotels are in financial distress these days, what that means for travelers and how this calls for a new approach to booking. Sim Swapping 101: Segment 1 Ask Clark: Segment 2 Distressed Hotels - Strategic Booking: Segment 3 Ask Clark: Segment 4 Mentioned on the show: There are 1 billion victims of data breaches so far this year. Are you one of them? - USA TODAY SIM Card Swapping: The Dangerous Cell Phone Scam Everyone Needs To Know About This form of identity theft is on the rise. Here's what to know FCC pursues rule forcing carriers to unlock phones after 60 days 5 Credit Card Mistakes To Avoid Travel Insurance: What You Need To Know Before You Buy The National Observer: Distress grows for hotel properties Help! We Had to Sleep in the Hotel’s Breakfast Room. We Would Like a $215 Refund. 5 Things You Should Re-Shop To Save Money Best Credit Cards With No Foreign Transaction Fees in 2024 - Clark.com Clark Howard's Digital Wallet Strategy for 2024 5 Money Tips To Know Before You Travel Abroad How To Plan a Trip: Clark's Best Travel Tips To Save Money Travel Archives - Clark Howard Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Public.com+Public Investing Disclosure: Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Thanks for joining us today on the Clark Howard show.
0:08.0	You know, our mission is to empower you with advice and information that you're able to use to make
0:15.9	better financial decisions in your life and one of the decisions I'd love for you to
0:20.9	make is to sign up for our free newsletters, Clark.com, Clark deals.com,
0:27.0	at Clark.com slash newsletters. We got to talk about something that is key to what a criminal does once they have
0:38.7	key information about you and it's called Sim swapping. What do you need to do to protect yourself?
0:47.0	Coming up later, hotels more and more in the midst of a peak travel economy are in financial trouble.
0:57.6	A lot going into foreclosure and I want to tell you why you and I are affected by this.
1:04.8	What about this is not good for you and me?
1:09.0	What you gotta know?
1:10.8	So I mentioned on a prior podcast that USA Today reported there were already over a
1:18.3	billion of us caught up in data breaches just in the first six months of 24. So many different
1:27.1	organizations, I mean you probably heard all the noise about the AT&T one
1:31.9	and the ticket master one and the those lawyer letters you get saying,
1:43.2	it's come to our attention that we've suffered a breach of data
1:47.6	and your information such as your date of birth,
1:51.5	your driver's license number,
1:53.5	your social security number, your credit card number
1:56.7	are in this breach.
1:57.8	And we get to the point where we're numb to it.
2:00.8	But once a criminal has key data points on you, they're ready to pounce. And what they're really after,
2:10.9	as part of the process, is your two-factor authentication, which most often will be your
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.