Answers to Questions About the Target Data Breach
stores between Nov. 27 and Dec. 15 may have had their accounts exposed. The stolen data includes customer names, credit and debit card numbers, card expiration dates and the three digit security codes located on the backs of cards.
The stolen information included Target store brand cards and major card brands such as Visa and MasterCard.
The data breach did not affect online purchases, the company said.
Here are some answers to the most common questions about the
replica ray bans theft:
Q: I shopped at Target during that time. What should I do?
A: Check your credit card statements carefully. If you see suspicious charges, report the activity to your credit card companies and call Target at 866 852 8680. You can report cases of identity theft to law enforcement or the Federal Trade Commission.
A: Target isn saying how it happened. Industry experts note that companies such as Target spend millions of dollars each year on credit card security, making a theft of this magnitude particularly alarming.
Avivah Litan, a security analyst with Gartner Research, says given all the security, she believes the breach may have been an inside job.
Litan says Target breach suggests that current security standards aren working.
really a wake up call to the banking industry, but they never seem to wake up, she said.
James Lyne, global head of security research for the computer security firm Sophos, says something clearly went wrong with Target security measures.
million cards stolen really shows a substantial security failure, he says. shouldn have happened.
Q: Who pays if there are fraudulent charges on my account?
A: The good news is in most cases consumers aren on the hook for fraudulent charges.
Credit card companies are often able to flag the charges before they go through and shutdown your card. If that doesn happen, the card issuer will generally strip charges you claim are fraudulent off your card immediately.
And since the fraud has been tied to Target, it be the retailer that ultimately compensates the banks and credit card companies.
Q: How much is this going to cost Target?
A: It too
fake ray bans soon to tell. In addition to the fraud related losses, banks may start charging Target a higher merchant discount rate, which is the amount retailers pay banks for providing debit and credit card services. While the percentage difference may be tiny, it could
discount ray bans result in steep costs given the volume of transactions Target does, Litan said.
Litan added that the company could also face class action lawsuits from consumers, though most of them will be meritless, and fines from federal agencies. When combined, the costs of the breach could be so steep that they actually prompt Target to raise prices, she said.
real winner in this is Wal Mart, she said.
A: Like they say, cash is king. You can only lose what you carrying, though admittedly many people may not feel safe walking around with a wad of bills in their pocket.
As stated before, credit card companies don hold consumers liable for charges they don make. Usually the worst thing consumers have to deal with is the hassle of getting a new credit card.
And the paper trail generated through credit
replica ray ban sunglasses card transactions can often make it easier do things such as return items you purchased, or keep track of work related expenses.
It worth noting that while debit cards offer many of the same perks as credit cards, without the worry that you spend more than what in your bank account, they often don come with the same kind fraud protections.
As a result, those card holders may have a tougher time getting their money back if their number is stolen.Articles Connexes：