Is online shopping secure? This is similar to ask if trading stocks
online is secure. Back several years ago, many people had concerns about
the security of buying and selling stocks online. Today, no one seems
to worry about it anymore because everyone appears rushing to trade stocks
online.
The answer is that as long as a broker or an e-tailer takes necessary security
measures, the security will not be a problem. This is done by secure
server software that encrypts all of your personal information, including
the credit card number, name, and address, so that no one can read the
information when it travels over the Internet.
Therefore, before you buy from an e-tailer, look for the statement or symbol regarding
the transaction security of the site (for example, Verisign). Leading e-tailers
should have the policy that guarantees the security. However, some small e-tailers
do not have it.
In case someone steels your credit card information and have made unauthorized
purchase as it may happen in other occasions, your credit card provider
cannot hold you liable for more than $50.00 of fraudulent charges under
the Fair Credit Billing Act. Of course, you must notify the provider
as soon as possible in accordance with its reporting rules and procedures.
Another online security issue is the privacy policy. Some e-tailers
may disclose the customer information to a third party in exchange for
money. This may post a security problem for you. Therefore,
Be sure to look for the statement on privacy policy as well.