The hacking of Target's records apparently puts cardholders of any credit card used between black Friday and December at risk. Apparently the hacking came from abroad, probably China so apprehension of the criminals is unlikely. Acording to tonight's news, people are finding charges on their cards from online or places far from their homes.
One of the news broadcasts noted that there have been many security breaches in the past from places like TJ Maxx and some banks. The Hackers sell the listings which are complete with Name, Number, and security code... all that is included in the magnetic strip on the card. The persons who buy the data, can easily create copycat cards with the stolen information...
Some questions....
If it happened to Target, why not Sears or Walmart or Home Depot etc...
Since it's not only the proprietary cards, it looks like any credit card can be involved.
Who is responsible for the losses? Are individual losses limited to the $50?
What happens stolen cards become viral?
Can you and I do anything to prevent being compromised? Stopping your account? Asking for a new card?
Not sure, but I think the news said somthing about using debit cards as credit cards, to avoid problems... Not sure about that.. More info?
Previous security breaches seem to have been brushed over, with no serious repercussions, but the Target problem seems to have gotten more concern. It surely isn't going to help their sales during the most important sales week of the year.
Open for additions, corrections and more information...
Chicago Tribune article:
http://www.chicagotribune.com/news/sns-rt-us-target-breach-20131218,0,6530743,full.story
One of the news broadcasts noted that there have been many security breaches in the past from places like TJ Maxx and some banks. The Hackers sell the listings which are complete with Name, Number, and security code... all that is included in the magnetic strip on the card. The persons who buy the data, can easily create copycat cards with the stolen information...
Some questions....
If it happened to Target, why not Sears or Walmart or Home Depot etc...
Since it's not only the proprietary cards, it looks like any credit card can be involved.
Who is responsible for the losses? Are individual losses limited to the $50?
What happens stolen cards become viral?
Can you and I do anything to prevent being compromised? Stopping your account? Asking for a new card?
Not sure, but I think the news said somthing about using debit cards as credit cards, to avoid problems... Not sure about that.. More info?
Previous security breaches seem to have been brushed over, with no serious repercussions, but the Target problem seems to have gotten more concern. It surely isn't going to help their sales during the most important sales week of the year.
Open for additions, corrections and more information...
Chicago Tribune article:
http://www.chicagotribune.com/news/sns-rt-us-target-breach-20131218,0,6530743,full.story
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