Well, it looks like the tally of the number affected by the Target Security Breach has been upped from 40 million to 70 million. Wow. According to a report from Reuters “An investigation found that hackers stole the personal information of at least 70 million customers, including names, mailing addresses, telephone numbers and email addresses.”
Also, Neiman Marcus as well as well as 3 other lesser known retailers that have not been disclosed yet were breached. This is all the more reason to watch your credit card statements/bank accounts to make sure you’re not hit with any fraudulent charges.
Also, to help make up for the security fail Target is offering a FREE year of credit monitoring from Experian. Here is everything you get with the program:
In addition to a complimentary copy of their credit report, guests who sign up will receive daily credit monitoring, identity theft insurance (except where prohibited by law), and have access to personalized assistance from a highly trained Fraud Resolution Agent. Access to the Fraud Resolution Agent will continue even after other benefits of the initial one-year ProtectMyID membership expire. After 12 months, those who register have the option to continue their memberships at their own expense.
It seems like Target is willing to pay a pretty hefty expense to regain the trust/loyalty of its customers and is devoting quite a bit of resources to making sure they “make it right” after quite the PR nightmare. Personally, I don’t have a problem shopping at Target with my credit/debit card as security is probably tighter there than anywhere else in the world at this point. I certainly understand though if someone is a bit “card-shy” as they look down at the credit card POS before they swipe (which was where the data was stolen).
All of this makes me wonder if the idea of paying cash for everything really isn’t such a bad idea after all. 🙂