The internet can be an awesome way for shoppers to save money, and expand the product selection that they choose to shop from. Some people prefer online shopping, while others like the feel of walking into a store and actually seeing what they’re buying. This debate has been going on for quite some time, but has gradually grown in recent years.
There are the obvious pros and cons of online shopping, but some individuals don’t realize they’re putting themselves at risk while hitting the ‘check out’ button. Credit card fraud is becoming common, with over 46% of Americans saying that they have had their card information stolen in the past five years according to CreditDonkey. It can take months, or even years to undo damages to your finances when this happens.
While researching this topic, I found many statistics that honestly made me shiver.
According to CreditDonkey, those who reported direct financial losses on average lost over $7,000. Also, with Christmas right around the corner, over 50% of people are scheduled to shop online, which makes this time of year the busiest time for card information to be stolen.
I hope everyone thinks smart while online shopping. There are numerous ways to prevent card fraud, and the most common is simply just to make sure you have a strong and unique password for the website/store that you tend to shop at.
Also, be aware of phishers, and always check your credit card and bank statements carefully for any suspicious activity.
It is easy to get your information stolen, but it is also very simple to prevent it as well.
I hope a few of my tips were helpful and these statistics gave you a bit of a heads up for this holiday shopping season.
Stay safe everyone!