I’ve generally been under the impression that using my credit card is quite safe. However, the CBC Marketplace show has made me question this for a few reasons.
1) The notification laws in Canada are poor, which means companies are not really required to disclose when there has been a leak of crucial information
2) Since the notification laws don’t require companies to disclose, and thereby lose customers whenever there is a security breach, there is no huge financial incentive for them to prevent fraud.
Things I am going to change about my behavior
1) Not giving out address, phone number, postal code to retailers
2) Using cash rather than more convinient forms of payment.
3) I already never give my SIN number to anyone but my employer and government institutions.
You can watch the complete episode in windows media player at http://www.cbc.ca/marketplace/2007/02/net_security.html