SECURITY: Still Worried About Buying Over The Net With Your Card?

Purchases over the net have increased enormously over the last couple of years as buyers gain confidence online.

You would think that credit card fraud has increased too? In proportion, it hasn't.

Part of this reason is a number of protections that every card has built in. Here's why you don't have to worry:

1. Get it in perspective. Last year, hackers stole personal information from a reported 24 million accounts. While that doesn’t sound reassuring, remember that there are more than 1.4 billion active account numbers in the United States alone. That means the current card breach may only affect around 0.1 percent of the cards out there.

2. Legal protection helps you. US federal law limits credit card losses to $50. In practice, banks almost always credit the entire amount in the case of fraud.

3. Credit cards aren’t linked to your bank account, and that's a good thing. If your debit card is hacked, the money immediately disappears from your bank account. On the other hand, when your credit card is fraudulently used, you should discover it when you get your statement in the mail – or immediately if you check online.

4. Reporting fraud is easy. If you have an issue with one of your cards, it will take a two-minute phone call to sort out the problem. Every credit card comes with a toll-free number, and most card companies allow collect calls from overseas.

What to do if you suspect a problem? Always check your credit card statement. If you check your statement regularly, you can sleep soundly.

Many thousands of Silver Lotto System products have been sold by credit card since 2001. To date there have been NO issues of fraud, security or other problems.

That's one purchase you can cross off your worry list!

Via Business Insider