Saving payment info online: Don’t be compromised

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Although it’s widely noted that senior citizens are disinterested in—and even shun—technology and the internet, data that emerged in June 2017 from Creditcards.com indicate that the so-called silent generation (people who were born between 1925 and 1945) is more than twice as likely to store payment information at websites where they purchase goods as are other age groups. This is a problem in general, because it exposes anyone who does this to the risk that his/her credit-card or debit-card account will be compromised. It’s a particularly worrisome risk for the elderly, because fraudsters might see them as the lowest hanging fruit.

Daniel Ray, who is the editor-in-chief of Creditcards.com, says “the fewer doors your information is behind, the better.”    

You might believe that your information is secure at prominent online-retailer websites, but Matt Schulz, who is a senior industry analyst at Creditcards.com, tells Consumers Digest that such sites are a particular target for thieves.

As many know, a website that has a URL that includes the letters “https” and has a padlock symbol next to its website address is more secure than are sites that lack those features.

The bottom line: It’s best that you re-enter your credit-card and debit-card number each time that you shop at a website, rather than store your information there.