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During the holiday season, consumers are advised to be cautious when conducting cash transactions, according to cyber-security expert, O’dail Stewart. Crime and violence in the country make it necessary for individuals to be extremely careful when traveling with cash, as stolen cash is more difficult to recover than stolen bank cards. Stewart recommends reducing cash transactions and using alternative payment methods to minimize the risk of theft.
Key Points:
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- Cyber-security expert warns consumers to be cautious when conducting cash transactions during the holiday season.
- Crime and violence in the country increase the risk of theft of cash.
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Stewart advises consumers to reduce their cash transactions and opt for alternative payment methods. While bank cards can also be stolen, they are typically easier to cancel and replace, and banks offer fraud protection policies that can help recover lost funds. In contrast, once cash is stolen, it is nearly impossible to track or retrieve.
In recent years, the rise of digital payment methods, such as mobile wallets and online payment platforms, has provided consumers with more secure options for transactions. These methods often require additional authentication, such as fingerprint or facial recognition, which adds an extra layer of security compared to traditional cash transactions.
Stewart suggests that consumers take advantage of these technologies to minimize their risk of theft. By using digital payment methods, individuals can avoid the need to carry large amounts of cash, reducing the likelihood of becoming a target for criminals.
Additionally, Stewart highlights the importance of being aware of one’s surroundings and taking precautions when conducting cash transactions. This includes avoiding crowded areas where pickpockets may operate, as well as being discreet and not openly displaying large sums of cash. He also advises consumers to keep a close eye on their accounts and monitor for any suspicious activity that may indicate fraudulent transactions.
Overall, Stewart emphasizes the need for consumers to prioritize their personal and financial security during the holiday season. By being cautious and utilizing alternative payment methods, individuals can reduce the risk of theft and protect their hard-earned money.
In conclusion, consumers should take heed of the advice given by cyber-security expert O’dail Stewart and exercise caution when conducting cash transactions during the holiday season. Crimes such as theft and pickpocketing are more prevalent during this time, making it important for individuals to minimize their cash transactions and opt for more secure digital payment methods. By doing so, consumers can protect themselves from potential financial losses and ensure a safer holiday season.
