It’s Cyber Monday, Y'all!

Cyber Monday credit card security

It’s Cyber Monday, Y'all! Do you know where your credit card is? Of course, you do. It’s in your wallet, or purse, or poised on your keyboard, ready to be put into service. I should have asked do you know where your credit card number is? 

In 2017, according to the National Retail Federation, 81 million people in the U.S. shopped online on Cyber Monday.  About 15 million more than on Black Friday. The only way to snatch up on those cyber deals is to pay with a credit card. And pay we did. Business Insider reported that we spent six and a half billion dollars in 2017. Over $1.5 billion than on Black Friday that same year.

We’ve become trained to look for https or the little padlock to indicate we are dealing with a secure site. And that is true for the transaction. E-commerce is mostly protected by encrypted communications. The security issue here is saving your personal and financial data on the company’s website. Creditcards.com posted a story in 2017 in which they conducted a poll of credit card users. The poll found that 94 million Americans store their card information online

There may be encryption for the transaction but when you store your data you’re giving the site all the information a cyber thief needs. That data sits in a database on the company’s servers for who knows how long. See a previous post on this blog about Cleaning Up Your Online Presence. 

Storing your card information makes it much easier to check out but also exposes your data to hacking. Think about all the stories in the news this year alone about companies getting hacked. And if not directly then through third party vendors. It’s so common that we almost stop paying attention to the reports. If we do feel we’ve been affected, we change our password and move on. It’s become so a part of our lives we’ve become complacent about e-commerce and our privacy.

Tips

·     You have to use plastic to shop online. When you do use credit instead of debit. 

·     Best not to store your information, especially if it’s a little used site or one-time purchase. Type your card in each time. Don’t create accounts. Check out as a guest.

·     Research with whom you’re shopping. The bigger the company the better, to some extent. As opposed to smaller businesses that have less traffic and do not have the resources to support update to date and effective security. 

·     Considering having a card you use specifically for online shopping with a low limit

·     Monitor your accounts. Especially after a shopping spree or big shopping day like Cyber Monday.

Not trying to be Chicken Little. Just trying to remind people to take a beat and check their online shopping practices. Coming back from identity theft or online fraud is not an easy path.

Even though it’s not credit card related here’s another tip that could help protect your card. If you‘re shopping Amazon or looking at reviews on Yelp or TripAdvisor, run the link to the product through a review analytics site like Fakespot. 

The results will give you an idea about how reliable the seller is and if it a reliable company. If using Fakespot, after you find a product on Amazon copy the link from the search bar and past into Fakespot. The results will be a grade regarding the site and advisement on whether you should proceed or not.

Please feel free to share. Visit the blog archive for more posts about Privacy. https://mazzellainvestigations.blogspot.com/search/label/privacy