HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES

Zacks Education
Visit Zacks'
Education section for investing guides and other free resources to make you a better investor.
Quote:
Login Free Membership
Search:

Top Zacks Features
Free Membership
Premium Home
Zacks Rank
Equity Research
My Portfolio
Stock Screener
Profit Tracks
Mutual Funds
Options
Zacks Video
RSS Feed
Profit from the Pros

Subscription Services
Product Guide
Zacks Premium
Zacks Elite
Method for Trading
Chart Patterns Trader
Double Your Money
ETF Trader
Growth Trader
Options Trader
Small Cap Trader
Strategic Investor
Surprise Trader
Top 10 Stocks
Value Trader
Special Reports
Research Wizard

Personal Finance

5 Tips for Safe Online Shopping
Posted Thu Nov 19, 14:10 pm ET
Provided by: Personal Finance: Kiplinger.com

Shopping online is a great way to find deals (as I wrote recently). But, if you're not careful, you could be putting your personal information at risk of being stolen by identity thieves.

Michael Gregg, a cyber security consultant for Fortune 500 companies and the federal government, says the volume of attacks that target Internet users has been on the rise this year. However, he says there are several steps you can take to protect yourself while shopping -- or doing anything -- online.

1. Never shop online from a public Wi-Fi connection. Hackers can tap into Wi-Fi connections at hotspots, such as coffee shops, airports and hotels, to capture your personal information. If you must use public Wi-Fi, you can download for free the AnchorFree HotSpot Shield to hide your IP address while you're online and protect your computer from snoopers. Also, never use a public computer to shop or check accounts online.

2. Don't use your smartphone to shop. Hackers can use the same tactics for tapping into your smartphone as they use for your laptop or PC.

3. Don't use your debit card for online shopping. If hackers steal your debit-card information and raid your bank account, you must report any misuse within two days to get the same $50 limited liability as you would with a credit card. Miss that deadline but report your loss within 60 days and you could be liable for up to $500. After 60 days, your liability is unlimited. If you don't like using credit cards, though, consider using EBillme to make secure cash payments when shopping online (see Shop Online ... With Cash).

4. Shop online only at known retailers. Don't let a search engine pick a site for you because it could be bogus, Gregg says. Even if you're using a site that you think is legitiamte, look for security labels, such as VeriSign and Cybertrust, and for https:// to appear in the url on pages that prompt you to enter personal information. Also consider downloading McAfee's free SiteAdvisor, which tests sites for dangerous downloads, spamming and more.

5. Don't click on pop-up ads. Hackers recently have posted bogus ads with malicious software on legitimate sites (NYTimes.com, for example). Online retailers will be susceptible to these attacks, Gregg says.

And remember, keep your guard up even when you're shopping in stores this holiday season. Thieves can easily snatch your wallet -- see My Wallet Was Stolen: 4 Lessons Learned.


Personal Finance Archive

Loading New Archive...
5 Tips for Safe Online Shopping
Shopping online is a great way to find deals (as I wrote recently). But, if you're not careful, you could be putting your personal information at risk of being stolen by identity thieves.Michael...

Get the Best Medicare Advantage Plan
Thanks for your step-by-step guide to picking a Medicare Part D prescription-drug plan. I would like to look for a Medicare Advantage plan during open-enrollment season this year instead of a Part D...

5 Ways Funds Charge Too Much
While investors, regulators and politicians have been gnashing their teeth over the misdeeds of assorted financial institutions and the shortcomings of some of their products and services, they've...

Leave Your Kids a Tax-Free Legacy
EDITOR'S NOTE: This article was originally published in the September 2009 issue of Kiplinger's Retirement Report. To subscribe, click here.  Let's say you have a traditional IRA, and you'd like...

How Do I Tap My IRA?
I'm about to turn 59½ and would like to withdraw money from a traditional IRA to pay my daughter's college tuition. I've been focusing on adding to the account for all of these years. What do I...


 
About Zacks | Advertise | Media | Careers | Contact Us | Help
Disclaimer | Privacy Policy | Sitemap
NYSE and AMEX data is at least 20 minutes delayed.  NASDAQ data is at least 15 minutes delayed.
Copyright 2009 Zacks Investment Research