Tag Archives: Identity Theft

September 2016 Video, Financial Planning Tip and Economic Review- By John Kvale

Here is our September 2016, Monthly Economic and Capital Market Review, along with a Video for your viewing and listening pleasure. Hope you enjoy!

September 2016 Video

 

Financial Planning Tip –

Cyber Security New Tactic Updates

Following our identity article popularity in June, was our email hacking article in August. September brought a reminder post from Donald “The Brain” … the Cyber tactics are changing… Just off a two plane trip week ….. no public Wifi usage…. per the cyber new tactic post…. as the items Donald brought to attention were followed:

  1. Don’t event think of using a “Free Public” Wifi — can be a masked bad guys hot spot conveniently named
  2. Stay away from non-known free apps- careful on what you download-
  3. Internet enabled devices, such as a refrigerator can carry ugly virus’

Economic Update

Happiest Consumer In Nine Years …

Gross Domestic Production (GDP) is one of the widest measures of the economy. Consumers consumption makes up over 2/3rds of the GDP..

  • No presidential election concerns
  • No end of the world concerns
  • No international concerns
  • No domestic concerns

9-27-16-consumer-confidence

Nope.. just one Happy Consumer … the happiest in NINE YEARS !

You Rock happy consumer !

Great news for the Economy! 

Have a Great Day!

See you next month !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
JK Street Cents Logo

 

August 2016 Video, Financial Planning Tip and Economic Review- By John Kvale

Here is our August 2016, Monthly Economic and Capital Market Review, along with a Video for your viewing and listening pleasure. Hope you are enjoying!

August 2016 Video

 

Financial Planning Tip –

What to do when your email is hacked

Follow our identity article popularity in June, was our email hacking article in August. As such, it is our planning tip of the month!

Things to do when your email is hacked:

  1. Change your password
  2. Change Other same Password used sites
  3. Recapture your email
  4. Sent box review
  5. Notify your contacts!
  6. Run your Virus Scan

Economic Update

GDP turning up?

Gross Domestic Production is one of the widest measures of the economy. Two negative quarters is the broad definition of a recession.

The beef with this most recent recovery has been the slower GDP growth once the rebound from the 07-09 crisis occurred.

It may be possible, the crisis was so bad, this recovery has taken longer to accelerate.

8-26-16 GDP Graph Econoday

 

 

Have a Great Day!

See you next month !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
JK Street Cents Logo

 

 

What to do when your email is hacked ?

Although slightly less invasive than having your identity stolen, losing control of your email can be dangerous and should not be taken lightly.

Break In– Recently we helped a relative discover a nasty email hack on an IPhone… It was called “Prayer of the Day!” and downloaded a bogus and controlling email on the IPhone .. as far as we could tell, no damage was done, however the hack was the best and most controlling we had seen… Bottom Line… BE CAREFUL when you click on unknown links…even if they may seem harmless!

First, just as in the identity loss, breathe … this likely will not be the last time such an event occurs, and if you are lucky, it is the first….

Here are the steps:

  1. Change your password- fast- make it complex, preferably with symbols as there are only 26 English letters, nothing to a savvy hacker!
  2. Other Password used sites- If this was your favorite password…the secret is out, time to change it on all of your other sites you use it !
  3. Recapture your email – Contact your provider or follow the steps to regaining control of your email if you have lost it (Many times you may still have control, if so you may ignore this step)
  4. Sent box review – Look in your sent box to see if any sent emails are found – See next step
  5. Notify your contacts- It is a good idea to let those that may have received a bogus email from you that you have been hacked – Not to worry, they will understand… heck they may be on the other end of the hacking eventually anyway!
  6. Run your Virus Scan – There may still be something in your system, it is a good idea to run a complete scan of your computer after you have updated the above information — it is possible you will find nothing…safe over sorry !

Preventive Steps

  1. Watch Out – Be careful when clicking on ANYTHING unfamiliar
  2. Help thy neighbor- If you see something fishy from a friend or contact, let them know immediately…this may stop the spreading of unwanted hacks…

Modern Day Bonnie and Clyde

In the old days it was a weapon … this seems to be the new way of destruction … annoying, painful, unnerving …. but not as dangerous…!

Have a Great Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

 

 

 

July 2016 Video, Financial Planning Tip and Economic Review- By John Kvale

Here is our July 2016, Monthly Economic and Capital Market Review, along with a Video for your viewing and listening pleasure. Hope you are enjoying!

July 2016 Video

 

Financial Planning Tip –

What to do when your identity is stolen

This article was so popular this month we wanted to review it again at a very high level as it made our Financial Planning Tip of the month:

Things to do when your identity is stolen:

  1. Review the Federal Trade Commissions site on Identity Theft and Fraud Alerts
  2. Visit one or all of the credit agencies to alert them to your situation and ask them for a free 90 credit monitoring program (Transunion and here is Experian)
  3. If it was a severe attack and damages occurred, consider a Identity Theft Recovery Plan
  4. Consider a Credit Freeze

Economic Update

Payroll Jumps

We crowed loudly at an outlier payroll report two months ago. As a reminder job hiring AKA Payroll is a measure of the economy. The May report released in June was… well a real stinker. As we mentioned, it just did not add up…..

Vindicated

7-9-16 united-states-non-farm-payrolls

Boom!… Nice bounce back- far right bar!

Have a Great Day!

See you again at the end of August and the beginning of school !

John A. Kvale

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
JK Street Cents Logo

 

 

My Identity stolen a third time ??? Yep … Friday

As a financial advisor we drink the EXACT same cool aid we have for clients   … Same investments, same conservative philosophy, long-term thinking, tax strategies, generally optimistic, but skeptical when necessary  … and well … I guess the same identity theft some have experienced lately!

On Tuesday of this week, I was notified by the IRS by mail, not just once, but two lovely envelopes, stating someone was trying to file taxes (not me) and there was a conflict. (Nothing associated with the office, all info from my home/personal address)

Wow… TWO TIMES … Does that mean two different people are trying, or just the same person twice ? I will let you know when I know! thief

Needless to say, keep your guards up!  Here , here and here are a few of our articles on this, which of course I have heeded myself!

Ahhhh, but today is a Friday and I am on the road for a short but fun trip out-of-town and back. Do not forget to spend time with those special in your life … Talk to you next week!

Get back cyber criminals!

John A. Kvale CFA, CFP

http://www.jkfinancialin.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225

 

Sudden Increase In Identity Theft……Protection and Defense

Our comments and ideas many times come from you……. So thanks in advance……When we see multiple issues of similar nature coming to the forefront, especially given our 20+ United States reach of clients and friends, we sit up and take note.Thief

Identity theft is back on the rise

While we are not sure what the reasoning, we have had multiple contacts recently experiencing identity theft and other malicious events. The good news is  none of our contacts have lost any money, only inconvenienced.

As a former triple complete identity theft victim (not lost a penny), I can vouch for the troubles that such an experience can have. Multiple times my credit cards have been completely and embarrassingly shut off due to security concerns. I have never complained to my carrier as the alternative is not something I want to even think about.

Popular Identity Theft Techniques

Here is what were a seeing in order of magnitude relating to financial issues:

  • Outright clone/theft of an individual (Usually involves a credit card issuer, but can be a complete attempted cloning)
  • Opening of new fabricated credit lines (Thief attempts to open a line of credit in another person’s name)
  • Email hijacking (Loss of control of ones email, thereby opening prior email messages to malicious review)

 Preventative Measures for Identity Theft

While there is no 100% certain way to complete prevention, here are a few good ideas for safety along with some recommendations for future use:

  • Monitor your credit lines and if you see suspicious activity, act swiftly (We have even learned of a code word some credit carriers are using for additional security…great idea)
  • If you have an issue consider a credit monitoring service for 6-12 months (Careful as these services can be expensive)
  • Do not send your social and passwords with the names in the body of the email (If you send an email that says, here is my social in the heading, you are asking for trouble. If this situation arises out of necessity send it without the descriptive term…better yet, call!)
  • Change all of your passwords occasionally, make them hard, and use a symbol (There are only 26 letters in the alphabet adding a symbol increases your protection)
  • Use common sense…If in doubt, or your suspicious flag is raised, take a moment to make sure all is correct before you move forward
  • Do not be paranoid, but do be suspicious…it may save you trouble

Usually we warn and remind of potential issues when schools lets out for the summer as we have experienced the most issues during this time….idle minds…Recently, for some reason there has been a spike in activity early this year….so keep your eyes, ears, and fingers open and alert!

Have a Great Monday!

JK

PS A $10 misspelled cookie word last week…self inflicted and caught…RATS!!!

PSS Rock and Roll was never supposed to be this cold….brrrrr on Sunday…and very sore….must have asked too much in Friday’s post

PSSS Cyprus…..the little country that could disrupt, looks to give markets an upward push….puzzlingly good!

PSSSS Playing Mr. Mom much of the day as the wife has a sick relative….working from home much of the day!

214-706-4300
http://www.jkfinancialinc.com
8222 Douglas Ave # 590
Dallas, TX 75225