Americans are on track to spend more online this holiday season than ever before. According to Adobe Insights, Americans spent $6.59 billion on Cyber Monday.
The increase in online traffice means cyber attackers are going to be even more active. So how can you protect your data and your wallet while scouring the web for deals?
Tech reporter Jared Lindzon shares some of the best ways to protect yourself this holiday season. Starting off, make sure you are changing your passwords regularly. He also adds that you shouldn't reuse passwords for different websites. A hacker's first instinct is to try a password they already know works on other sites.
Lindzon also gives a few examples of common online scams during the holidays. He highlights phishing scams as the most likely way a hacker will try and get your information.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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