Yep, I never ever connect to public wifi unless going through a VPN. You are a sitting duck without it.
Also another thing to consider is the risk with being on a public network and it going down while trading. Sure it could happen at home or your office but you have more control. So want to be sure and have your broker numbers ready etc in case you need to get flat quick.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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A few years ago I bought a coffee at a Starbucks Kiosk in a mall. The Kiosk was not connected to a landline but sent all its information via the internet and 2 days later I found out my debit card that had a large overdraft credit attached to it was maxed out and not only that my entire bank account was drained.
I was blessed the bank restored everything but I found out the hard way its easy for someone with the knowhow to pull down financial information and take advantage of it.
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Many businesses process in-person CC/debit card transactions via the internet. Its safe to assume they all use some sort of encryption to do so. More than likely the hack that acquired your card information occurred from within the Kiosk's terminal/PC (pre-encryption) vs snooping the (encrypted) traffic.
Its also quite possible that the card processor itself was the victim of a hack such as what happened to Heartland Payment Systems in 2009. Its possible you were a victim of this major security breach?
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