I did not shop on Black Friday at Target but I did receive this letter (below) from an Identity Theft Protection and Credit Monitoring Service. It gives a brief explanation of what happened and tips on what you can do to protect yourself if you think your card may have been compromised.
SUBJECT: In the News: Target Data Breach & What You Need to Know
Janet,
By now you’ve probably heard about the data breach Target experienced this week, affecting up to 40 million credit and debit cards. We wanted to help you by providing some information on what happened, why it’s important and what you can do.
What happened?
Data was stolen from up to 40 million credit and debit card holders who made purchases in Target stores between November 27 and December 15, 2013. The stolen information is potentially any credit or debit card used while shopping in stores; not just Target-issued credit cards. Target does not believe any online shoppers were affected.
What was stolen?
Thieves were able to steal: cardholder name, credit or debit card number; card expiration date and CVV number.
What it means for you:
It means your card could be used to make fraudulent purchases, or could be sold online to make purchases.
Some precautions you can take:
If you think your information may be compromised, or are just generally concerned, call your financial institution and cancel the credit or debit card used at Target during the breach. Ask them to issue you a new card with new numbers.
Review your bank and credit card statements thoroughly to see if there are purchases you didn’t make. Keep an eye on your transactions for a long time – hackers sell the information to criminals – and it could take a while before you see the effects of that happening.
Report any suspicious activity to your financial institution right away. The sooner you’re able to flag bad transactions, the better.
If you do find fraudulent transactions you can call the credit bureaus and place a fraud alert or credit freeze on your accounts.