Target’s Massive Security Breach Worse Yet
Target’s Massive Security Breach Worse Yet
Target’s data security breach involved millions customers, which may be some sort of record. Credit card and debit card data was lost.
CreditCards.com blogger has a full report on the breach.
Under federal law, consumers’ responsibility for unauthorized credit charges is limited to $50 and in most cases $0. Debit card fraud charges for lost or stolen debit cards are limited to $50 if you notify the bank within 2 days and up to $500 afterwards. However, if the physical card is not lost or stolen, the consumer is not liable for any fraud charges if you report the fraud within 60 days after your bank statement is sent. Target has promised to reimburse any losses sustained by it customers.
