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Buyer Beware

How I 'Stole' $14 Million From a Bank: A Security Tester's Tale

Filed under: Buyer Beware, Technology

Bank receipt
Daily Finance

In early 2010, Nish Bhalla sat down at his computer with one objective: steal a huge amount of money from a bank.

It wasn't a typical heist. Bhalla is the chief executive of Security Compass, a company that tests security systems at banks, retailers, energy companies and other organizations with sensitive data. His clients -- including the bank branch in the United States that he targeted in his 2010 attack -- pay him to break into their systems.

It can be easier than most people think. The alleged thieves who made headlines last week for their $45 million bank heist used a similar type of attack that "created" money out of nowhere.

Bhalla talked CNNMoney through his caper. Here, in four easy steps, is how he made himself into a millionaire.

The Truth Behind the Prepaid Credit Cards Celebrities Promote

Filed under: Buyer Beware, Celebs & Money, Consumer Complaints, Credit Cards, Debt, Family Finances, Shopping

These days, it seems talent isn't enough. Celebrities have to get their name and image out there as well, hawking so many products with their faces on them that it can be utterly nauseating. Toys, clothes, fragrances, jewelry, food, drinks, accessories and more: the list goes on ad infinitum.

But some things celebrities lend their name and image to are downright dangerous, particularly when they get in bed with the credit and debit card companies largely responsible for so much debt around the world.

More and more the public is able to apply for credit and debit cards with their favourite celebrities face on them, but the fees and interest charges are often so high that only the rich and famous who endorse these cards can afford them.

​Ahead, we'll show you whose promoting what cards and pull back the curtain on what the card companies are charging you to have them.

17 Things You Should Always Buy New

Filed under: Buyer Beware, Family Finances, Shopping

Two shoppers try out the beds in the showroom at the Ikea store in Brooklyn, NY, Wednesday, September 26, 2012. Photograph: Victor J. Blue
By Megan Durisin

In the day and age of online swap meets and the ubiquity of reseller sites like Craigslist, eBay, and Etsy, there's hardly anything you can't get secondhand anymore. But should you?

For some items, saving a few bucks by buying them secondhand isn't worth the potential safety or health risks involved.

We've put together a list of 17 products that you should always buy new.

SLIDESHOW: Things You Should Always Buy New

HatsBike helmetsBlendersCamera lensesDigital camerasChild car seatsLaptopsComputer software

Buying a Car? The Lingo You Need to Know

Filed under: Buyer Beware, Budgeting & Planning, Economizer, Shopping

negotiating a car sale requires a lot of insider knowledgeAny first time car buyer is guaranteed to be intimidated by the terms and lingo used by most salesmen on the lot. Problem is, if you miss what's being said, you may miss great opportunities to save big money. This is why we've prepared a gallery of all the lingo you need to know to gain the upper-hand when buying a car. Some of these terms aren't even supposed to be public knowledge, but members of sites like CarCostCanada.com will get a piece of that secret information and most definitely gain an advantage during the negotiation process.

Click on a a photo to find out how.

SLIDESHOW: Car Lingo You Need to Know

1. M.S.R.P.  a.k.a  The price the dealer wants you to pay2. Dealer Invoice Price  a.k.a. The price the dealer pays the automaker3. Hold Back/ Marketing Assistance4. Factory To Customer Incentives a.k.a. Savings for You5. Factory To Dealer Incentives a.k.a Another Way to Save6. Wholesale Price Report a.k.a A Blueprint to Savings

NHL Playoffs Odds for Canada's Teams

Filed under: Buyer Beware, Economizer, Budgeting & Planning, Weird & Wonderful


The good news for Canada's four playoff-bound NHL teams is they are guaranteed to have a second-round presence. That's because the Ottawa Senators will face the Montreal Canadiens in the opening round, a matchup that came as a result of Ottawa's 3-2 victory over Boston on Sunday night in the league's final game of the regular season.

Health Gimmicks You Should Stop Wasting Your Money on

Filed under: Buyer Beware, Family Finances, Food & Drink, Health, Shopping

No matter how many times we're told that get-healthy-quick schemes don't work, Americans' obsession with them remains as robust as ever.

Too bad most of these fads aren't worth their weight in salt -- or your hard-earned dollars. We've put together a list of some of worst so-called health trends that still persist today.

SLIDESHOW: 11 HEALTH GIMMICKS NOT WORTH THE MONEY


1. 2. Weight Loss Wardrobes3. Coconut Water4. Hormone Injections5. Detox Diets6. Artificial Sweeteners7. Gluten-Free Diets8. Most Organic Produce

5 Things Buyers Can Do When Purchases Go Bad

Filed under: Buyer Beware, Consumer Complaints

By Diane Bullock
Minyanville


Remember that old maxim, "The customer is always right"? Me neither. Maybe I was born too late, but I don't ever recall an era in my lifetime that wasn't guided by the "buyer beware" principle. If there ever was a golden age of shopper deference, it certainly didn't survive the now-great epoch of Time Warner Cable (NYSE:TWC) et al. Here are a few tricks to help you pull out of this thing with your dollars and dignity intact.


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Our Favourite Childhood Characters Were Actually Clever Marketing Ploys

Filed under: Buyer Beware, Celebs & Money, Weird & Wonderful

The mid-eighties were a time of gargantuan mega-crossovers in comics. The first was DC Comics' Crisis on Infinite Earths.

At the time, the DC Universe was made up of parallel earths as a way of explaining why Superman, Batman, Wonder Woman and the rest of their iconic heroes never aged, despite dating back to the 30s and the 40s. The reason was the heroes you were reading about were the Silver Age versions of Superman, Batman and the rest who all lived on Earth One, while those Golden Age heroes from the 30s and 40s all had aged and were living out their lives on Earth Two.

Every year, the Justice League on Earth One would team up with the Justice Society of Earth Two in annual crossover events called Crisis on Earth One or Crisis on Earth Two, etc. nineteen eighty-five's Crisis on Infinite Earths was the first time all of the heroes from all of the parallel earths appeared together in one, 12 issue, mega-crossover event. The series was hugely successful and served to merge all of these parrallel earths into one single earth, which is how they would stay until 2006's Infinite Crisis.

It was thought that the planned Crisis on Infinite Earths inspired Marvel Comics' own mega-crossover -- Secret Wars, and Crisis may have played a role, but Secret Wars came out first and it was actually toymaker Mattel that set Marvel's beloved crossover story in motion.

The 'Facebook Phone' Symbolizes The Problems with Facebook

Filed under: Buyer Beware, Technology

twitterpeekBy Mike Schuster
Minyanville

On Thursday, Facebook (NASDAQ:FB) is holding an event to show off the fruits of its partnership with HTC (TPE:2498), and I can't help but be reminded of a device called TwitterPeek.

If you don't recall -- and chances are, most of you don't -- TwitterPeek was a single-purpose device that tweeted. That's it. A $100 device with a $7.95 monthly subscription that just read and posted tweets. And if paying a monthly service fee for a $100 mobile device that does something your smartphone can do for free sounds crazy, not to worry: $200 would get you unlimited service.

As you can imagine, TwitterPeek (pictured above) not only flopped, but it represented a wholly unnecessary entry into the mobile arena -- a device that takes up yet another pocket, but doesn't make calls, doesn't surf the Web, and doesn't play any games. It just does one thing: tweet. It's a tangible, bulky app you can never remove from your homescreen.

This is why nobody buys MP3 players anymore.

Store Charges Browsing Customers a $5 'Just Looking' Fee

Filed under: Buyer Beware, Consumer Complaints, Shopping, Technology

http://imgur.com/jh38qXT?tags

By Matt Brownell
Daily Finance

A store in Australia is apparently taking an extreme approach to eliminating showrooming, alerting would-be customers that they'll be charged $5 if they come in to browse but don't buy anything.

Reddit user BarrettFox posted a snapshot of a sign warning shoppers that the store would impose a $5 fee for people who are "just looking." The fee, the sign explains, will be deducted from the final purchase price, ensuring that people who actually buy something won't be charged. It notes that it's pursuing this strategy because of "a high volume of people who use this store as a reference and then purchase goods elsewhere."
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