The times they are a changin’, as the song says. Years ago the primary function to protect yourself while shopping online was to protect your credit card number. Nowadays, hackers are focusing on taking over user accounts for online shops rather than the usual credit card cycling tactic.
Why is this? Well, it appears fraudsters found it easier to use the saved payment information via stolen username and passwords rather than try to hijack a credit card. The stored payment data is even more vulnerable via malware as more people use mobile devices to make purchases. All of this puts more pressure on businesses to protect their customers’ information rather than the customer protecting it themselves. For more on this topic, please click here:: Dangers of Shopping Are Evolving