You Cannot be Vigilant Enough

This past holiday season two major retailers announced that security breaches led to customers’ debit and credit card information being stolen by cybercriminals. Target Corp. estimated that up to 110 million of its customers’ credit/debit card information was stolen. Neiman Marcus, the upscale retailer, has still not revealed the number of customers impacted. There are discussions in the security world that other retailers may have also been targeted.

The market for stolen credit/debit card numbers is very lucrative and is perpetrated by cybercriminals around the world.

As consumers, we rely on retailers to secure our data as we use credit and debit cards for convenient shopping every day. As aware consumers, we should continue to follow best practices to secure and monitor our personal information by doing the following:

  • Pay close attention to credit card and bank statements. If you see any unrecognized charges, contact your financial institution immediately.
  • If you suspect unauthorized activity, immediately request a new credit card /debit number and change any associated personal identification numbers.
  • Periodically review your Credit Report.
  • Try to minimize the number of credit / debit cards in your physical possession.

For information on what to do in the event your credit or debit card is lost or stolen, visit Consumer Information.