DIRS.INFO The most relevant business & tech news

☆ Card skimmers are hard to spot and on the rise. Here's what you can do to protect yourself.
▼ + stars: | 2024-07-07 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Read previewCredit card skimmers are on the rise nationwide and they're targeting the country's most financially vulnerable people. The FBI estimates that card skimming costs consumers and banks around $1 billion each year. Last year, Fair, Isaac and Company, a financial data analytics firm, found that debit card skimming grew by a whopping 96% compared to the previous year. Related storiesAuthorities nationwide say reports of card skimming and EBT fraud have increased over the past year. The New York Office of Temporary and Disability Assistance issued an EBT scam alert on July 2, warning of increases in card skimming and phishing.

Persons: —, Isaac, WJXT Organizations: Service, FBI, Isaac and Company, Business, Secret Service, Police, Washington State Department of Social and Health Services, Seattle Times, Authorities, New York Office, Assistance, NY Locations: Florida, Virginia , New York

☆ The Man Who Trapped Us in Databases
▼ + stars: | 2023-09-22 | by ( Mckenzie Funk | ) www.nytimes.com time to read: +3 min

Matrix, as Asher’s new counterterrorism system soon came to be known, arguably marked the beginning of our era of analytics. But Asher, enamored with the power of his magical machines, kept talking about the five names they got right. Many critiques of our increasingly algorithmic world focus on where algorithms fail. A third boils down to checks and balances: Algorithms are often proprietary black boxes, closed to outside scrutiny. He was burning through millions more buying up vast data sets that contained ever more granular information on Americans’ lives.

Persons: Isaac, —, Asher, Hank Asher, you’re, ’ Organizations: Facebook Locations: It’s

Without a good credit score, buying a home or borrowing money is more difficult, holding Black Americans back from building wealth. To understand the impact that credit scores have on the racial wealth gap, it is important to understand the history of the credit system. On a 30-year, $200,000 mortgage with a FICO credit score between 700 and 759, one could expect to receive a 2.56% interest rate. But a person with a credit score between 660 and 679 could end up paying an additional $14,914 — 677 is the average credit score for African Americans compared to white Americans at 734. Indeed, the credit gap is just another symptom of systemic racism, and finding ways to achieve parity in employment and wages would go a long way to closing the credit gap.

☆ What's a good credit score? Myths about credit
▼ + stars: | 2020-08-27 | by ( Julian Kheel | ) edition.cnn.com time to read: +5 min

But what exactly does your credit score mean, and what’s a good credit score versus a bad one? Before we get into good credit scores versus bad scores, it’s important to understand what a credit score actually is. Credit scores typically range from 300 to 850, but not always, and that brings up an important point — not all credit scores are the same. So when determining whether your credit score is good or bad, it’s important to know which credit scoring model your score comes from. So, if you’re considering opening a new credit card or refinancing your mortgage, take a moment to check your credit score and get an idea if you have good credit or bad credit.

Search resuls for: "Isaac and Company"

4 mentions found