Been to Dollar Tree lately?
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If you, or anyone you know, has been to Dollar Tree in the last... well... ever, NOW would be an excellent time to have them check on their debit card statement. "Using stolen personal identification and account numbers, thieves have withdrawn hundreds of thousands of dollars from the bank accounts of consumers who used debit cards at Dollar Tree stores in California and southern Oregon, police departments in the two states said." Over $700,000 has already been reported missing, and today is only August 4th. The sophisticated scammers apparently broke in to this account information via a credit card processor. "It appears that the losses suffered by debit card users who made purchases at Dollar Tree stores involved a breach at a card-processing company rather than a problem at the retailer's stores." Here's what you need to know: If you suspect you have EVER shopped at a Dollar Tree in California or Oregon, check your debit card statement right away. Your dollar loss is covered under what is known as the Electronic Funds Transfer Act. According to this law, if you report your loss within two days of the date the transaction occured, your liability is $0. If you report your loss within 60 days, your loss is limited to $500. If you do not report your loss within 60 days, you can be held responsible for ALL money that is drained from your account. If you suspect you have EVER shopped at a Dollar Tree in California or Oregon, check your debit card statement right away. If anything funny shows up on your statement, call and then write your bank to have the item removed or taken care of. When you write, you may want to send the letter as a certified piece of mail, and get a return receipt, so that you have proof of when you sent the letter and when it was received. Just another reminder - how secure is your information? Only as secure as the people who hold your information keep it. Read more on this latest data breach here.
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