Trio Charged With Running “One-Stop Shop” For Blank Bogus Credit Cards, Holographic Overlays

Trio Charged With Running “One-Stop Shop” For Blank Bogus Credit Cards, Holographic Overlays

All that credit and debit card information that gets stolen when criminals hack places like Target and Neiman Marcus is only worth so much to an ID thief. Sure, one could use that info to place online orders, but you’re just asking to be tracked down and caught that way. The real prize comes when you take that information and create real-looking credit cards with it. [More]

FBI Warns Stores To Prepare For More Credit Card Hacks

FBI Warns Stores To Prepare For More Credit Card Hacks

The recent malware attacks on payment systems at Target and Neiman Marcus may be getting all the headlines, but they weren’t the first such breaches, and they won’t be the last. This week, the FBI issued a warning to retailers, telling them to prepare for the inevitable hack attempts to come. [More]

Two Men Arrested For Using Credit Card Numbers Stolen From Target

Two Men Arrested For Using Credit Card Numbers Stolen From Target

While most ID thieves are wisely staying away from the more than 100 million credit and debit card numbers compromised by the recent data breach of Target’s in-store payment processing system, two Mexican citizens apparently thought they could get away with using some of these leaked numbers to make illegal purchases. [More]

Citi To Replace Debit Cards Linked To Target Hack

Citi To Replace Debit Cards Linked To Target Hack

A month after Target first revealed that its in-store credit and debit card payment system had been breached, Citi has finally announced plans to replace all debit cards for customers whose account information was stolen in the hack. [More]

Capital One Is The Most Complained-About Credit Card Company

Capital One Is The Most Complained-About Credit Card Company

Since the Consumer Financial Protection Bureau opened its credit card complaint portal in Sept. 2010, more than 25,000 complaints have been filed with the CFPB. And while the 10 largest credit card issuers account for 93% of all those complaints, one company is responsible for more than 1-in-5 of all complaints filed with the Bureau: Capital One. [More]

Senators Call On Target To Explain Credit Card Breach

Senators Call On Target To Explain Credit Card Breach

Nearly a month after Target revealed that its retail credit and debit card payment system had been breached, compromising the information of more than 100 million customers, the Chairs of the Senate Commerce Committee and the Senate Consumer Protection Subcommittee have written to the retailer asking it to explain just how a huge mistake like this could happen. [More]

Get Ready For A Flood Of Credit Card Offers From Your Bank

Get Ready For A Flood Of Credit Card Offers From Your Bank

The recession years had one pleasant side effect — a drop in the number of credit card offers filling consumers’ mailboxes. But now that all the banks have learned their lessons and will never again lend out money to people who won’t pay it back, they are once again ramping up the credit card offers. [More]

Target CEO Apologizes For Hack, Explains 4-Day Delay For Alerting Customers

Target CEO Apologizes For Hack, Explains 4-Day Delay For Alerting Customers

As you all know, between Black Friday weekend and December 15, Target’s in-store credit and debit card processing system was compromised, allowing attackers to make off with more than 100 million card numbers and other information. Last night, Target CEO Gregg Steinhafel went on TV to (repeatedly) apologize and to explain why Target didn’t acknowledge the hack until Dec. 18. [More]

(Beth Lennon)

Report: More Holiday Credit Card Breaches To Be Revealed

It’s bad enough that some 110 million Target customers may have had their credit card info stolen, or that some Neiman Marcus shoppers are falling victim to ID theft following a data breach. A new report says there are a few other retailers waiting to reveal the bad news that they too were victims of credit card hackers. [More]

Credit Card Hackers Go Upscale, Steal Neiman Marcus Customers’ Info

Credit Card Hackers Go Upscale, Steal Neiman Marcus Customers’ Info

If you live under the delusion that paying too much at the department store would somehow result in a higher level of security, prepare to have your mind blown. The folks at upscale retailer Neiman Marcus have revealed that hackers compromised credit and debit card information for an unknown number of customers. [More]

‘Wichcraft Sandwich Shops Reveal Credit Card Hack From 3 Months Ago

‘Wichcraft Sandwich Shops Reveal Credit Card Hack From 3 Months Ago

While it’s certainly not on the scale of the recent Target breach, ‘wichcraft, the chain of sandwich shops co-founded by Top Chef’s Tom Colicchio, announced yesterday that its payment card system for locations in NYC and San Francisco was compromised for several weeks earlier this year, giving hackers access to customers’ names, card numbers, security codes, and expiration dates. [More]

Target Confirms PIN Data Also Stolen In Credit/Debit Card Hack

Target Confirms PIN Data Also Stolen In Credit/Debit Card Hack

After days of denying a report that hackers had stolen encrypted PIN data from some 40 million Target shoppers, the retailer has finally admitted that yes, this information was indeed collected during the 3-week-long data breach. [More]

Even With 10% “Our Bad” Discount, Target’s Sales Down After Credit Card Disaster

Even With 10% “Our Bad” Discount, Target’s Sales Down After Credit Card Disaster

Over the weekend, Target went into damage-control, attempting to lure customers back into its retail stores by offering a 10% discount to everyone — not just the 40 million customers whose credit card numbers were stolen between late November through mid-December. But even that apparently wasn’t enough to bring customers back during the last-ditch holiday shopping weekend. [More]

The 10 Colleges That Received The Biggest Payouts From Credit Card Issuers Last Year

The 10 Colleges That Received The Biggest Payouts From Credit Card Issuers Last Year

Last year, a group of around 15 credit card issuers paid a total of more than $50 million to various schools and school-affiliated organizations in order to market credit cards to people at those educational institutions. Around 70% of that money came from a single Bank of America-owned credit card company, and though hundreds of schools received some sort of payment for helping introduce cards to college students, just the 10 largest single payments account for nearly 30% of the $50 million. [More]

(Ron Dauphin)

Stolen Target Credit Card Info: The Perfect Holiday Gift For the Criminals On Your List

Merry Christmas, and be sure to check your online statements: security investigations reveal that the tens of millions of credit card numbers stolen from Target shoppers in the weeks since Thanksgiving are indeed flooding the black market and making their way around the world. [More]

(Jonathan Nowak)

3 Things To Consider Before Signing Up For A Store Credit Card

As you make your way through the final days of this holiday shopping season, you will undoubtedly be asked on numerous occasions if you would like to save money on your purchase by signing up for a store credit card. It’s definitely tempting, but you need to be aware of just what you’re signing up for in order to get that discount. [More]

Target “Deeply Regrets” Letting Someone Steal 40 Million Credit Card Numbers From Customers

Target “Deeply Regrets” Letting Someone Steal 40 Million Credit Card Numbers From Customers

In case they missed the news last night, Target customers around the country are waking up this morning and learning that they may be one of many millions of consumers whose credit and debit card information was compromised during the course of a nearly three-week-long security breach at the retailer. Big Red, you’ve got some explaining to do… [More]

GE’s CareCredit To Refund $34.1 Million To Misled Consumers

GE’s CareCredit To Refund $34.1 Million To Misled Consumers

CareCredit is a medical financing service operated by the folks at GE Capital. For almost all of its 4 million customers, CareCredit is a deferred interest loan, meaning cardholders who don’t pay off their balances in full by the end of the initial promotional period are hit with all of the interest that had been accruing during those months. That would be fine (and is quite common in retail credit cards), if the company hadn’t misled consumers into thinking CareCredit was an entirely interest-free product. [More]