Financial Fraud Prompts Question: Is Cash Or Card Safer? - Spokane, North Idaho News & Weather KHQ.com

UPDATE: Financial Fraud Prompts Question: Is Cash Or Card Safer?

KHQ.COM - KHQ is still hearing from people who have had their money stolen out of their bank accounts. The Secret Service says it is investigating the massive spike in financial fraud.  It still wont' say exactly how thieves were able to steal money from hundreds, maybe thousands, of accounts. 

We do know grocery wholesaler URM has launched a review because many banks and credit unions believe URM grocery stores – including Rosauers, Super 1 Foods, Yoke's Fresh Market, and the Trading Company – are connected to the source of the security breach.            

While KHQ waits to hear who is behind the massive fraud ring, consumers are asking if putting away the cards and using cash is a better option. Crime Tracker Kalae Chock talked to financial institutions and to law enforcement. They all told her that carrying cash is not the way to go.  The benefit to cash is that users are not going to be susceptible to fraud.  However, if it's stolen, you can't recover your losses. 

Financial institutions, on the other hand, can step in if you fall victim to theft. Numerica Credit Union says it's already had at least a couple hundred of its members victimized. However, they're being reimbursed because they had fraud loss protection on their accounts.  They had documented proof the charges were fraudulent and the members are getting their money back. 

Also, the credit union says if your card is stolen, you can cancel it before it's used to drain your account.  These are all benefits to using a card over cash. Spokane County Deputy Craig Chamberlain also weighed in on whether a card or cash is safer.  He doesn't like cash and says the less you carry, the better. 

He recommends clearing out your purse and wallet before running errands and shopping. The Deputy says to downsize and carry only the card that you know you're going to use. Meantime, KHQ is waiting on word from the Secret Service as to how this breach happened and how many people have been victimized.

Spokane Police Give Tips To Avoid Fraud 

Spokane Police Detective Stacey Carr says credit cards are less likely to be compromised than debit cards. She said if a credit card is compromised it is not directly tied to your bank account unlike the debit card. When you look at it from a federal level, Carr says the federal government mandates protection for credit cards, but "agrees" to protect debit cards.

Detective Carr said that cash is going to be your best form of payment, but it cannot be replaced if lost or stolen.  

KHQ spoke with several banks and credit unions in the area on Thursday and a few said that they are still getting reports of fraudulent activity. When asked about the number one thing to never do with a credit or debit card, one banking executive said to not give out the number over the phone.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Idaho Fish and Game Commissioner faces calls to resign after killing family of baboons

    Idaho Fish and Game Commissioner faces calls to resign after killing family of baboons

    Monday, October 15 2018 12:15 PM EDT2018-10-15 16:15:51 GMT

    BOISE, Idaho - An Idaho Fish and Game Commissioner is facing calls to resign after sharing photos of a recent hunting trip. The photos show Blake Fischer and his wife posing with animals they killed in Africa. Fischer took the trip to Africa with his wife last month and when he returned emailed the photos of the animals he killed to about 100 people, according to KBOI.  

    >>

    BOISE, Idaho - An Idaho Fish and Game Commissioner is facing calls to resign after sharing photos of a recent hunting trip. The photos show Blake Fischer and his wife posing with animals they killed in Africa. Fischer took the trip to Africa with his wife last month and when he returned emailed the photos of the animals he killed to about 100 people, according to KBOI.  

    >>
  • Hayden man shares story of Grizzly attack while bow hunting in Montana

    Hayden man shares story of Grizzly attack while bow hunting in Montana

    Sunday, October 14 2018 3:11 PM EDT2018-10-14 19:11:51 GMT
    Bob Legasa -  FacebookBob Legasa - Facebook

    BOZEMAN, Mont. - A Facebook post by Bob Legasa of Hayden, Idaho is going viral after he survived a grizzly attack while bow hunting in Montana. Legasa says in the post: "My hunting partner Greg Gibson and I surprised a Sow grizzly and her cub as we were moving in on some Elk. We walked up to with in 12 yards when we all saw each other And before I could even reach for my bear spray she was at full charge.

    >>

    BOZEMAN, Mont. - A Facebook post by Bob Legasa of Hayden, Idaho is going viral after he survived a grizzly attack while bow hunting in Montana. Legasa says in the post: "My hunting partner Greg Gibson and I surprised a Sow grizzly and her cub as we were moving in on some Elk. We walked up to with in 12 yards when we all saw each other And before I could even reach for my bear spray she was at full charge.

    >>
  • Woman pleads innocent to murder by reason of insanity

    Woman pleads innocent to murder by reason of insanity

    Sunday, October 14 2018 7:05 PM EDT2018-10-14 23:05:39 GMT
    Luke HollisterLuke Hollister

    COLFAX, Wash. (AP) - A woman accused of fatally shooting a Coeur d'Alene, Idaho, man in Colfax, Washington, has pleaded innocent by reason of insanity. The Spokesman-Review reports Ashley Myers entered the plea to second-degree murder Friday in Whitman County Superior Court.    Insanity pleas allow for the defense to argue for a potential commitment to a psychiatric facility instead of prison. 

    >>

    COLFAX, Wash. (AP) - A woman accused of fatally shooting a Coeur d'Alene, Idaho, man in Colfax, Washington, has pleaded innocent by reason of insanity. The Spokesman-Review reports Ashley Myers entered the plea to second-degree murder Friday in Whitman County Superior Court.    Insanity pleas allow for the defense to argue for a potential commitment to a psychiatric facility instead of prison. 

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Website based out of University of Washington lists names of men accused of sex assault

    Website based out of University of Washington lists names of men accused of sex assault

    Monday, October 15 2018 3:36 PM EDT2018-10-15 19:36:01 GMT

    SEATTLE, Wash. - A group of anonymous University of Washington students have launched a website that is courting controversy. The site, Makethemscared.com, publishes the names of individuals, all men so far, both at UW and outside of the school who have been accused of rape, sexual assault, harassment and abuse. 

    >>

    SEATTLE, Wash. - A group of anonymous University of Washington students have launched a website that is courting controversy. The site, Makethemscared.com, publishes the names of individuals, all men so far, both at UW and outside of the school who have been accused of rape, sexual assault, harassment and abuse. 

    >>
  • Warren DNA analysis points to Native American heritage; Trump denies offering $1M for test

    Warren DNA analysis points to Native American heritage; Trump denies offering $1M for test

    Monday, October 15 2018 12:46 PM EDT2018-10-15 16:46:51 GMT

    BOSTON - President Donald Trump is falsely denying that he offered $1 million for Sen. Elizabeth Warren to take a DNA test to prove whether she had Native American ancestors. Warren, a Democrat from Massachusetts, is a widely rumored 2020 presidential candidate.

    >>

    BOSTON - President Donald Trump is falsely denying that he offered $1 million for Sen. Elizabeth Warren to take a DNA test to prove whether she had Native American ancestors. Warren, a Democrat from Massachusetts, is a widely rumored 2020 presidential candidate.

    >>
  • Idaho Fish and Game Commissioner faces calls to resign after killing family of baboons

    Idaho Fish and Game Commissioner faces calls to resign after killing family of baboons

    Monday, October 15 2018 12:15 PM EDT2018-10-15 16:15:51 GMT

    BOISE, Idaho - An Idaho Fish and Game Commissioner is facing calls to resign after sharing photos of a recent hunting trip. The photos show Blake Fischer and his wife posing with animals they killed in Africa. Fischer took the trip to Africa with his wife last month and when he returned emailed the photos of the animals he killed to about 100 people, according to KBOI.  

    >>

    BOISE, Idaho - An Idaho Fish and Game Commissioner is facing calls to resign after sharing photos of a recent hunting trip. The photos show Blake Fischer and his wife posing with animals they killed in Africa. Fischer took the trip to Africa with his wife last month and when he returned emailed the photos of the animals he killed to about 100 people, according to KBOI.  

    >>