5 tips to protect your credit card information during shopping season


Shoppers will spend billions online this holiday season, potentially risking their credit information to cyber hackers.

Shoppers were expected to spend $6.6 billion on Cyber Monday, and approximately 78 million people in the U.S. were expected to shop on Cyber Monday, according to the National Retail Federation, due in part to changing consumer power of generations.

» RELATED: 5 ways to stay out of debt this holiday shopping season

Natalie Dunlevey, president of Dayton-based National Processing Solutions, said this holiday season “has many worried about cybertheft. Although the Equifax breach and other incidences have slipped from the headlines … maliciously obtained consumer data remains firmly in the hands of the hackers.”

“During an e-commerce transaction, the point-of-capture is when the consumer hits the ‘submit’ button on the website. This is when the data is at the greatest risk and when the cyber thieves are trying to collect the ‘data in motion.’ Websites and their processors have to employ end-to-end or point-to-point encryption across the networks to mask this data in order to protect it. In addition, eCommerce sites and their processors should always tokenize this information once the data is stored,” she said.

Dunlevey has five tips for consumers who want to protect their identity and credit information this holiday season:

» In-person transactions are always more secure, so shopping local can help.

» Don’t buy from a website that you have never heard of or is making claims that sound dubious.

» Don’t send your credit card or debit card in an email.

» Go online and check your credit card or debit card statement after a transaction to ensure that a breach did not occur. In the event that you are breached, contact your credit card company or bank immediately.

» Be aware of breaches that you hear about in the news.

FIVE FAST BUSINESS READS

After Black Friday, small businesses try to cash in on shopping frenzy

Overheard while Thanksgiving shopping: ‘Your dad is going to kill me’

5 ways to stay out of debt this holiday shopping season

Champagne gummy bears? Dorothy Lane selling new candy brand

17 retail horror stories that show working Black Friday is the worst



Reader Comments ...


Next Up in Business

Airfare remains high in Dayton: See how it compares
Airfare remains high in Dayton: See how it compares

Southwest Airlines’ departure from Dayton last year has had a prolonged effect on airfare prices and declining passenger traffic — making Dayton International Airport one of the most expensive to fly out of in Ohio, airport officials say. Dayton’s average airfare stayed even around $400 for most of 2017, fluctuating a few dollars...
Local artists to open home and bath store in downtown Springfield
Local artists to open home and bath store in downtown Springfield

Four local artists have collaborated to open an eclectic home and bath store in downtown Springfield. The store, Stick + Stone, is set to open Friday, Feb. 2. Located next to Winan’s Coffee & Chocolates on North Fountain Avenue, the store will offer an industrial modern-style mix of furniture, art, home decor and handmade soaps. All of the items...
GM to unveil Springfield-built truck in March
GM to unveil Springfield-built truck in March

Chevrolet will unveil a new medium-duty Silverado truck that will be built at Navistar’s Springfield plant at an auto industry show in Indianapolis this spring. The Springfield plant has long been preparing for the joint venture with GM to build medium-duty trucks. Those trucks will be available in both the International and GM brands, and will...
Spectrum reports TV streaming app service issues
Spectrum reports TV streaming app service issues

Spectrum customers are reporting service interruptions while attempting to use the Spectrum TV app, the company said on Friday afternoon. “Spectrum customers are experiencing a service interruption while attempting to use the Spectrum TV App. This is causing errors including incorrect login information. Technicians are working diligently to restore...
Amazon raises monthly Prime membership rate
Amazon raises monthly Prime membership rate

The monthly membership fee for Amazon Prime rose Friday from $10.99 to $12.99. Company officials said the annual membership will remain at $99 dollars. Monthly customers do not get access to Amazon Video, which costs $8.99 a month. The last Prime subscription hike came in 2014, when Amazon increased its yearly membership from $79 to $99. The e-commerce...
More Stories