If you’ve been contacted by your bank or financial institution lately only to discover that your credit card information had been compromised, then you’ve felt the growing frustration many consumers face today. The situation with respect to credit card fraud is only getting worse.
Dealing with a compromise is a time consuming hassle from a consumer’s perspective; particularly because many of us maintain large numbers of (supposedly secure) personal online profiles that afford us a convenient way to deal with recurring monthly or annual payments.
How can we be sure that these online service providers, who so readily accept and retain our credit card information, are taking the appropriate measures to secure it?
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