Analysis of Credit Card Safety
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What are some of the major issues with online credit card safety and what are some of the new techniques credit card companies are implementing to ensure consumers are better protected from online credit card fraud? Do you see these measures as legal/ethical or both and Why?
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Analysis of Credit Card Safety
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The major issue with online credit card safety is the rising credit card fraud by hackers and intruders, primarily due to usage of credit cards on websites that do not adhere to high quality security standards. Consumers fall prey to such theft of confidential credit card information and credit card frauds as they fail to take precautions while using credit cards to make purchases online.
It is due to such risks associated with using credit cards online that many consumers are still skeptical about shopping online and still prefer to buy at their favorite brick and mortar stores.
In order to protect themselves from such frauds, consumers need to take several precautions while using credit cards online. First of all, consumers should only use their cards on secure and reputed websites. They should ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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