Cyber Crime

[virasog]

Lets suppose a store simply saw a declined purchase, but you received an email and a message in your account.  It stated something to the effect that further purchases in the "sin" category for that day would be held until you approved them from within the account.  In other words, your third trip to 7-11 to buy beer for the day declines.  You get an email and log into the account seeing the message described above.  For the rest of the day, a purchase that was obviously beer would decline until you logged in and approved it, then it would go through the next time.  The message allowed people to turn the service off, but they had already been declined once.  The idea when Bank of America was questioned was that if someone stole your card, these were the most likely purchases and this way you would know.  They were attacked by the customers, the system was killed within four days, they fought with the media and then, six days after the first event ceased to acknowledge it ever happened, surely after clearing all signs this happened.

[Kevin77]

You are stating an example for cyber crime or you want to know how to protect yourselves from such an incident ?
Please elaborate how the above similar incidents may have an impact on a bitcoin user too.

[zend7]

I think OP is asking how to be protected from Cyber crime from both criminals and also from a financial entity like Bank of America for example.

I think the Cyber crime has increased in level lately but so the defense and the awareness of the users against such threats. Banks now offer a new level of protection, through SMS, new 3D cards and alikes. Now if the user is knowledgeable enough, can protect themselves with a few measures such as the above described.

Use bitcoin , and only exchange it in cash when you need to make payments is another way to lower the level of cyber crime (hardware wallet is highly recommended for such case).

[EnacDomains]

There's no protection from cybercrimes besides staying offline.

[Tyrantt]

there will never be a system of protection so perfect to keep the hackers away.