Oakland, CA – December 19, 2013 – The Better Business Bureau (BBB) warns that the recent data breach that has impacted Target Corporation is another example of how easily your personal or financial information can be compromised.
The national retail chain confirmed that the unauthorized access may impact guests who made credit or debit card purchases in U.S. stores between Nov. 27 and Dec. 15, 2013. Read the official statement HERE.
Target Corporation is the most recent retailer to be hit by a massive data breach comparable to other large scale breaches at T.J. Maxx and Marshalls. The type of data stolen would allow thieves to create counterfeit credit cards to steal your identity; if pin numbers were intercepted, it could allow thieves to withdraw cash from ATM machines.
Should you find that you have become a victim of a data breach the BBB recommends there are five things you need to do:
- Contact the organization that suffered the breach – they should have a hot line setup to address your concerns and answer your questions [Target Corporation hotline number is 866-852-8680].
- Monitor your banking and credit statements closely – Check every item on your bank statements and credit card statements to be sure they are legitimate charges and expenditures.
- Contact any affected financial companies – If your bank accounts, credit card accounts, or investment accounts are affected, immediately contact the companies and request that the account be closed and a new one opened.
- File a fraud alert with all three credit reporting agencies – The credit reporting agencies are required by law to flag your credit report for 90 days if you file a fraud alert. Then if someone tries to open a new account using your information you should be contacted for verification.
- Sign up for any free credit report monitoring that’s offered. – If the company that compromised your information offers a free monitoring program take advantage of it [One credit report provider is www.annualcreditreport.com].
Business Owners: Make sure that customer information is being protected. Check out BBB’s Data Security – Made Simpler free guide for businesses at bbb.org/data-security.
Go to www.bbb.org for free information.