Tag Archives: Data Breach

As Target breach grows, retailer embraces security options

Target’s data breach over the holiday season turned out to span far wider than the original numbers estimated.  The major retailer said the breach that happened between Nov. 27 and Dec. 15, 2013 compromised the financial information of approximately 40 million shoppers shortly after the breach occurred. Recently, the company informed consumers that it had uncovered an additional 70 million to 110 million customers who may have had their names, mailing addresses, phone numbers and email addresses stolen.

The data stolen from Target was originally thought to come from the terminals where customers swipe credit and debit cards. The retailer said originally that the only information affected was the information stored in the magnetic strips on the back of customers’ cards. The retailer learned shortly after that customers’ encrypted PIN data had also been obtained. The latest revelation by Target is raising more concerns because personal information isn’t stored on the magnetic strips on credit and debit cards.

Target’s data breach has severely impacted the company and will continue to as long as more information about the breach becomes known. The retailer has apologizes to customers for the broadening violations of customers’ private information.

“I know that it is frustrating for our guests to learn that this information was taken, and we are truly sorry they are having to endure this,” Gregg W. Steinhafel, Target’s chief executive, said in a statement to the New York Times.

Target is now offering free credit monitoring and identity theft protection to customer’s for one-year free.  The one-year offer includes a credit report, daily credit monitoring, identity theft resolution, identity theft insurance and ProtectMyID ExtendCARE, personalized assistance from a highly-trained Fraud Resolution Agent after the one-year period expires.

Target has listed tips for customers who wish to protect their information:

“Never share information with anyone over the phone, email or text, even if they claim to be someone you know or do business with. Instead, ask for a call-back number. Delete texts immediately from numbers or names you don’t recognize. Be wary of emails that ask for money or send you to suspicious websites. Don’t click links within emails you don’t recognize.”

A FAQ page has been set up on Target’s website to deal with information regarding the data breach and information related to other scams.

Who Are These People? Talvest Mutual Funds “Expert”

In an article referencing the Talvest Mutual Funds data breach from the Montreal Gazette, this was the quote…

Phil Levi, a local forensic and investigative accountant, says criminals typically act quickly in cases of identity theft, usually within 48 hours of obtaining the information.
“With these fraudsters, it’s hit and run.”

I’m sorry to be rude, but what the heck is this guy talking about?
According to this article, 470,000 people’s information was compromised.
I’ve NEVER seen a study which says that large databases of information become less valuable over time, or that criminals use the information right away. And I COMPLETELY disagree with this expert’s assessment.

Continue reading Who Are These People? Talvest Mutual Funds “Expert”