as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what is the risk of using a credit card for online purchases?
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the risk of using a credit card for online purchases is that it increases the risk of identity theft and credit card fraud. credit card numbers and personal information can be obtained by internal data breaches or malicious actors attempting to access credit card numbers that have been stored online. this can lead to unauthorized charges, misuse of personal information, and financial losses.
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