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Bucks 'n Bytes
Marc Saltzman is a personal technology evangelist who enjoys helping people save money and simplify their lives. He will be writing about smart technology shopping.
Should you let sites save your credit card info?
February 16, 2012
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Online scams have now surpassed phone scams as a source of fraud.
ShutterstockThis question from the mail bag: Many shopping sites give you the option to save your credit card information to speed up the checkout process Should you?.
Instead of having to type out your information each time – card number, expiry date, security code and shipping address - many sites remember these details to make shopping faster and more convenient..
While it's more convenient to have a shopping site remember your information for next time, you should be aware of the risks.
Related: 10 ways to protect yourself from computer fraud
A big one is that by allowing a shopping site to save your credit card details it also
means your info might be more vulnerable if the site has a data breach.
If you're on a shared computer (such as one PC for the entire family) or a public computer (say, at a cybercafé, library, hotel lobby or airport lounge) and forget to log off, then the person who visits a shopping site after you could buy something on your card, accidentally or intentionally.
There are additional risks with shopping from a public computers, including keystroke logging which is software or hardware that can monitor your key strokes and then send the information to a tech-savvy thief.
Related: Five free ways to take care of your PC in 2012
Security experts suggest you enter your credit card information each time just to be extra safe, though it will take a little longer than letting the site remember your details.
Nothing is fool-proof, but safe online shopping practices – such as using strong passwords, sticking with reputable sites, avoiding free Wi-Fi access that could be rogue networks and paying with a secure payment method -- could all help mitigate risks.
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