January 1, 2014,
If you shopped at Target recently, you know the feeling. It's upsetting to hear about the theft of millions of credit and debit card numbers.
Customer names, card numbers, expiration dates and security codes were stolen from people who shopped at U.S. Target stores between November 27 and December 15. Some numbers have already been sold to identity thieves who used them fraudulently.
Your card issuer watches each transaction as it happens and is always on the lookout for unusual spending, so they'll probably be the first to notify you if your card number is used illegally. If you discover it yourself on a statement or by monitoring your transactions online, call the phone number on your card immediately.
In most cases, the card issuer will cover any loss.
Identity thieves may use this stolen data to collect more of your personal information. They could then commit other kinds of fraud: Open new credit accounts in your name, apply for payday loans, file fraudulent tax returns, take over your existing bank accounts, and more.
It may be time for many of you to consider enrolling in companies that monitor your identity for you. While I will not endorse one over the other, LifeLock is a possibility. Go to LifeLock.com or call 1-800-LifeLock to find out more.
President and CEO