1 In 7 Shoppers Had Their Information Stolen At Target And So You’re Probably A Victim Too

One estimate: Cost of Target data breach could hit $680 million

We’ve been covering the Target security breach since news of it first broke over a week ago. Customers are demanding action from Target and even credit card companies are sending out notices on their bills asking for everyone to keep an eye on their bill for strange charges. My credit card company sent out a notice that read, “If you’ve shopped at Target you are at risk. Alert us immediately if you see a strange charge on your bill.” This security breach affected 1 in 7 shoppers between black Friday and the first half of December. 1 in 7 is a lot of shoppers when there are 40 million credit cards stolen. The security breach is costing around $680 million to date.

Discover, Chase, Citi, Capital One, Wells Fargo and Bank of America all confirmed that they are actively monitoring accounts for suspicious activity and will contact cardholders if they believe their account has been compromised. However, that doesn’t mean that customers should be depending on credit card companies to watch their accounts. For more information check out this article on the Target Breach. 

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