Shopping And Paying Bills Online? Here’s Methods To Protect Your Online Financial Identity

by Tyler Osby on June 15, 2010

Sales Are Up!

In May 2010, Retail Sales at non-store retailers (a category that includes Amazon and eBay) topped $29 billion, which is up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online.  And we’re paying our bills online, too.

But how well are we protecting our identities?

In this 5-minute piece from NBC’s The Today Show, you’ll learn the basics of online fraud and methods to minimize the likelihood of identity theft.  Furthermore, the tips go beyond the basic “choose a challenging password”.  For example, you’ll hear about:

  • Why you shouldn’t pay bills from a coffee shop
  • Who might be hiding behind an unprotected public wifi network
  • The dangers of storing credit card numbers with an online retailer

And, although, the interviewee goes (in my opinion) way over the top with respect to spyware and anti-phishing prevention, the point being made is a good one — you can’t be too careful with your online financials and common sense goes a long way.

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