Merchant Data Breaches – Target & Neiman Marcus
Premier Community Credit Union continues to follow the Target data breach. Target has announced information for an additional 70 million of its customers was breached prior to Black Friday. The compromised data includes names, addresses, phone numbers and email addresses. Target is offering one year free credit monitoring and identity theft protection to customers who shopped in their US Stores. There is a three month deadline to enroll and Target plans to release enrollment details this week. Click here for the complete Corporate Target Statement http://pressroom.target.com/news/target-provides-update-on-data-breach-and-financial-performance
On January 11, 2014 Neiman Marcus announced that it also experienced a data breach during the holiday season. News groups report that Ginger Reeder, spokeswoman for Dallas-based Neiman Marcus Group Ltd., said in an email Saturday that the retailer had been notified in mid-December by its credit card processor about potentially unauthorized payment activity following customer purchases at stores. According to the email on January 1, a forensics firm confirmed evidence that the upscale retailer was a victim of a criminal cyber-security intrusion and that some customers' credit and debit cards were possibly compromised as a result. The retailer has not released how many customers may be affected but said it is notifying customers whose cards it now knows were used fraudulently and is continuing to investigate the breach.
Continue to closely monitor your accounts and contact us immediately is you suspect fraudulent activity on your Premier Community Credit Union debit or credit card at 209-235-1100. Use caution when you are contacted by entities you are unfamiliar with. Reach out and verify the entity using the phone number or email address listed on your bill or statement or visit them in person.
Target reported that they had a data breach involving 40 million of their customers’ debit and credit cards between November 27 and December 15. Target has determined that the information compromised in this incident included customer name, credit or debit card number, the card’s expiration date, and CVV (the three-digit security code). Target has reported that PIN numbers were not compromised. Keeping your information secure is our top priority and we are working closely with our Visa card processor to determine the extent of impact to our members. You will be notified if we must take action to protect your accounts which may include recommending or requiring that your card be blocked and reissued at no charge. We encourage you to watch for changes in your account activity and notify us immediately if any fraudulent charges post to your account at 209-235-1100.
40 million customers who swiped their credit and debit cards at Target stores in the US from November 27 to December 15, 2013 may have had their card information compromised. Security experts believe that their point-of-sale (POS) system was breached.
At Premier keeping your information secure is our top priority.
At of the time of this update, Visa has not yet notified us which of our cardholders may have been compromised in the Target data breach. We anticipate that Visa will begin to notify card issuers of their potentially compromised cards by December 20, 2013. Should your Premier Community Credit Union credit or debit card be listed, we will contact you.
Other fraudsters, not connected to this particular incident may use this data breach as an opportunity to steal your information. Do not give your account information to anyone calling, emailing, or texting you. Always verify the inquiry. Call us at 209-235-1100. For your other potentially affected cards, call the number listed on your statement or card or go to your card issuer in person.
While experts report that 5% of compromised cards actually experience fraudulent activity, members should closely monitor their account activity for any cards swiped at Target stores from November 27 to December 15, 2013. Members should monitor all transactions, including purchases, cash advances and ATM withdrawals. Contact us immediately should you suspect fraud. A fraudulent transaction can occur immediately, or months from the compromise date.
If you receive notification of a potential compromise, you may opt to capture and reorder your card. We will waive the card replacement fee.
Target has not released information as to whether or not checking account information linked to their Target REDcard ® was compromised. A member may close the checking share linked to their REDcardand open a new account.
Any breach can lead to identify theft. Concerned members may place a security freeze on their credit report. As a result, outside parties may access someone’s credit information only with prior written authorization. This will delay loan processing and employment recruitment. A less restrictive alternative is placing a Fraud Alert which allows financial institutions to carefully scrutinize credit report information. To place a freeze or alert contact:
By federal law, consumers are entitled to one free credit report from each major credit reporting agency every 12 months. Anyone can obtain and review their credit reports at www.annualcreditreport.com