More People Storing Credit Info Online

By Don Morgan

It’s a growing trend that could end up costing you a lot of money.

Online shoppers are storing their credit or debit card information on retail websites they visit often.

Matt Schulz at CreditCards.com says 94 million Americans are doing that and while it’s convenient, it’s also quite dangerous.

He warns that a lot of major retailers have had their customer information hacked so the more you tell companies about your finances, the more likely bad guys are going to try hacking them.

The study into online shopping behaviors also notes that younger shoppers are much more likely to store their account information on retail websites than older shoppers.

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