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.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
