This Week in Credit News: Privacy Nightmares

The biggest credit news this week is all about privacy issues, as Obamacare fraud surfaces and teens might be more privacy-savvy than most parents think.

Shocker: Teens Actually Do Care About Their Privacy

In a new study by the Pew Internet & American Life Project, teens are showing they’re more cognizant of privacy concerns than most Americans assume.

Half of all teens have avoided installing apps on their smartphones due to privacy concerns, and a quarter of teens had actually taken the extra step on uninstalling an app because of privacy. There was a significant gender divide when it comes to apps and their location-tracking abilities. Teen girls were nearly twice as likely as teen boys to disable a location-tracking app.

@RedTapeChron @CreditExperts

Obamacare Nightmare: Fraud Reports Surfacing

With the clock ticking down until the start of many of the major reforms the Affordable Care Act instituted, scammers are finding a way to take advantage of some misinformed consumers.

A new round of scams are being reported around Obamacare, in which fraudsters call up consumers and ask them for personal information so they can be enrolled in Obamacare benefits. Of course, these fraudsters are not affiliated with any government benefits program or insurer, and are instead using the information to rip off the unsuspecting victims.

@cdigang @CreditExperts

How Hackers Can Hijack Your Car

It may sound like a page out of a Stephen King book, but hackers are getting better at taking control of your steering wheel and that could mean danger for drivers.

As our co-founder and chairman Adam Levin points out, hackers are using key fob hacks in order to gain access to cars so they can steal them, but that is not the only danger these hackers pose. Levin says hackers could use their skills to not only gain access to your car, but to control it remotely while you’re in it, posing a risk to your own personal safety. It may sound like science fiction, but the reality is scarily close.

@adam_k_levin @CreditExperts

Image: iStockphoto