Burned in the Target Data Breach? Here's How to Protect Yourself Now

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Computer keyboard with credit card, www, concept cyber fraud internet security and identity theft.
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Target (TGT) confirmed Thursday a data breach that affected about 40 million credit and debit card accounts. According to the company's website, data was obtained -- customer names and their card numbers, expiration dates and three-digit security codes (CVVs).

Hackers struck at the height of the high-traffic holiday shopping season: Cards used for Target transactions between Nov. 27 and Dec. 15 may have been compromised, so any consumers who used such payment methods at U.S. Target stores in that time frame should immediately check their bank accounts for unauthorized activity.

Adam Levin, chairman and co-founder of Credit.com and Identity Theft 911, advised customers to call their credit card issuers or banks if they see any charges they didn't make.

"The Target situation illustrates the growing problem with identity theft, which is how ordinary folks are often the real targets of hackers who go after these big companies," Levin said. "No matter how safe any individual person is with their data, customer databases like Target's represent a nearly irresistible source of people's personal information -- and their hard-earned money -- to hackers, rather than going after individuals one by one."

What to Do Right Now

You should strongly consider replacing the cards you used at Target stores after Black Friday, considering the high volume of stolen information, Levin said. If you do that, make sure you update any automatic payments tied to those cards, so you don't miss important bill payments elsewhere. At the time this article was posted, Target's REDCARD online and telephone account management systems were inaccessible, in the event a cardholder wanted to check on his or her store card activity.

Consumer credit cards do offer protection against fraudulent transactions, but check your terms to be sure what exactly those protections are. Typically, cardholders will be responsible for no more than $50 of the fraudulent charges (some cards offer zero liability), but you must report the fraudulent charges to the issuer. So the sooner you find any, the more quickly you can resolve the issue.

Protections for debit cards vary, and you definitely should check with your issuer on the terms. Fraudulent charges on a debit card are particularly problematic because they directly impact your available cash and could jeopardize your ability to make necessary payments from those bank accounts. In either case, you must report the fraudulent charges to the bank or issuer in order to start to resolve the problem.

Consumers should already make a habit of regularly reviewing their card transactions through a secure Internet connection, as well as periodically checking their credit reports for unauthorized accounts. It's also important to check your credit scores for sudden changes -- a big score drop could indicate identity theft. The key to this strategy is to compare the same credit scores from month to month, using a free tool like the Credit Report Card, because different scoring models will generate different numbers from the same credit profiles.

Even after taking the initial protective measures in the wake of a data breach, consumers should know the risk doesn't go away. Once the data is compromised, there's no knowing where it may end up, so it's crucial to maintain vigilance over your financial accounts. Identity theft protection can be handy for those who want a little help keeping track of everything, because these services alert consumers whenever their information is used to apply for new credit or new entries surface on their credit reports.

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b2bellevue

Got ripped off Saturday Dec 21. Made a single purchase at target and now there are multiple charges from target for the same amount pending on my credit card.

December 23 2013 at 7:12 AM Report abuse rate up rate down Reply
johnnywwjohnny

FYI you can't get Target Rep. 1st get onlline..and click to card replacement...it will automaticaly cancel your existing card...when new card arrives..DONT activate ..then as time passes..call Target when they are free anc then cancel it

December 22 2013 at 6:49 PM Report abuse rate up rate down Reply
marshaokla

Tried and tried to get a customer service representative at Target on the phone today. No luck. I have been unable to check my account on the computer because I keep getting error messages from Target. Anyone else having this trouble?

December 22 2013 at 3:16 PM Report abuse rate up rate down Reply
njfishoholic

i've banned that store years ago....put them in the same category as citgo gas...

December 22 2013 at 1:30 PM Report abuse rate up rate down Reply
jrc22552

People should be concerned about the Target breach, but why is no one concerned with the Obamacare system that has no security built in, whatsoever?

December 22 2013 at 12:47 PM Report abuse +1 rate up rate down Reply
1 reply to jrc22552's comment
betty_brock

A future train wreck, even worse than now.

December 22 2013 at 8:49 PM Report abuse -1 rate up rate down Reply
johnnywwjohnny

FYI. if you look closely why did Target breached on USA people . Target is in Canada also. REASON, USA is 10 yeras behind technology.if you go to Canada, they have embedded credit card and need also PIN to use credit card with CHIP and they can't steal your credit details ..chip CANNOT be duplicated..so when you get a NEW credit card..ask for imbeded CHIP also..and with PIN and relax

December 22 2013 at 12:31 PM Report abuse +1 rate up rate down Reply
1 reply to johnnywwjohnny's comment
jdykbpl45

Blame Dodd Frank.

December 22 2013 at 2:51 PM Report abuse -2 rate up rate down Reply
Meowzers

That's a shame this event happened..;w;

December 21 2013 at 10:19 PM Report abuse rate up rate down Reply
Iselin007

There is only one way to deal with these computer hackers. I think they call it the Electric Chair.

December 21 2013 at 8:47 PM Report abuse rate up rate down Reply
phd

Cancel your debit card and get a new one. Do this in person at your bank. Some banks are automatically issuing new cards if you used the old ones at Target. But, you remain at risk until the new one is activated (automatically killing the first one) or until you cancel it yourself.

December 21 2013 at 8:09 PM Report abuse rate up rate down Reply
Mac

I do not understand why a company must store your information. You present the card each time you make a purchase so why does it need to be stored ?

December 21 2013 at 10:21 AM Report abuse +2 rate up rate down Reply
1 reply to Mac's comment
Iselin007

Companies need to store your data they have proof your entittled to a non cash payment however they also use the data for sending you promotions ect. If you have a store card it means you were approved unless it's a stolen card or counterfeit.

December 21 2013 at 9:01 PM Report abuse -1 rate up rate down Reply