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40 million Target shoppers have been impacted by the Target breach, which came to light only a few days before Christmas 2013. Since then, lawsuits against Target have begun piling up. The Target data theft is the second-largest credit card breach in U.S. history, exceeded only by a scam that began in 2005 involving retailer TJX. That incident affected at least 45.7 million card users.
The stolen data included customer names, credit and debit card numbers, card expiration dates and the embedded code on the magnetic strip found on the backs of cards.
With the data stolen from the magnetic stripe on the backs of the cards, it can be used by thieves to clone the cards for use in stores. If the stolen data contain the PIN numbers to those accounts, thieves can use cloned cards to remove cash out of victims’ bank accounts, online.
News reports suggest online withdrawals as in the case of an Aloha man who has found $1300 charge on his card for a flight ticket out of the African country of Gambia!
The situation looks alarming with active underground sale of stolen data. Cyber criminal gangs across the world must be actively gearing up to defraud Target Customers.
If you had used credit or debit cards at Target stores in December 2013, you should proceed to cancel these cards and get new ones.
The Target data breach will be a test case of effectiveness of Class Action Lawsuits in the realms of customer data security. File your own case or join others.
Here is a list of reported Class Action Suits against Target.
Have you observed and unusual, unauthorized charge on your card?
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