The Senate Judiciary Committee heard testimony today from Target’s chief financial officer about the massive data breach that hit the company during the holiday shopping season last year. [More]
credit cards
Credit Union Sues Target Over Credit Card Hack
By 2.3.14
A credit union in Pennsylvania has filed a lawsuit, one that could potentially include 100 other credit unions as plaintiffs, against Target in an attempt to recoup is losses in the wake of the retailer’s recent massive data breach. [More]
Banks Say Target Hack Has Cost Them $153 Million In Replacement Cards
By 1.29.14
It’s not just Target’s sales figures that are feeling the sting of the massive data breach that affected more than 100 million customers at the height of the holiday shopping season. According to a group representing the nation’s retail banks, financial institutions have had to spend more than $153 million to replace credit and debit cards in the last six weeks. [More]
CFPB Outlines Common Sense Ways You Can Protect Yourself From Hacks
By 1.27.14
On the heels of yet another announcement of a consumer information hack, the Consumer Financial Protection Bureau has issued a consumer advisory to help consumers protect themselves and where to get help if they suspect their information has been compromised. [More]
Craft Store Chain Michaels Warns Of Possible Data Breach
By 1.27.14
It may not be the household name that Walmart is, but an awful lot of people around the U.S. get their crafting supplies from the 1000+ Michaels stores around the country. Over the weekend, the retailer warned customers that it “may have experienced a data security attack.” [More]
Trio Charged With Running “One-Stop Shop” For Blank Bogus Credit Cards, Holographic Overlays
By 1.24.14
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
By 1.24.14
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
By 1.21.14
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
By 1.16.14
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
By 1.15.14
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
By 1.14.14
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
By 1.14.14
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
By 1.14.14
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]
Report: More Holiday Credit Card Breaches To Be Revealed
By 1.13.14
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
By 1.11.14
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
By 12.31.13
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
By 12.27.13
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
By 12.23.13
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]
