Finance

Why do people prefer the internet as a way to do their finances? Or to buy and sell products online? I believe the main reason is convenience. It’s quite easy to transfer funds from one account to the other. With one click of a button one could transfer their entire funds to a different account. Or I could buy or sell an entire vehicle without too much effort. Do people know the dangers of putting their personal information online for other people to see? In order to purchase or sell products, one has to put their name, address, credit card number and in some rare cases their social security number. Personally if a website asked for my social security number I would not give it to them because what would happen if someone uses that for a different reason. Most commerce websites have some sort of WEP or encryption to protect personal information such as credit card numbers. But is it really that safe? Could it be broken? Well so far I’ve purchased a lot of things online, but yet to encounter theft. Maybe its luck?